Tech

Alipay is like a supercharged version of popular US apps like Venmo and PayPal rolled into one, and now President Trump is banning it. Here’s what you need to know about the app that is used by more than 1 billion Chinese residents.

Ant Group, the giant Chinese fintech company, was ready to embark on a historic IPO when China intervened and shockingly ground the event to a halt, a move that was reportedly issued directly by President Xi Jinping. The firm’s prized app, Alipay, is used by over 1 billion Chinese residents […]
Alipay is like a supercharged version of popular US apps like Venmo and PayPal rolled into one, and now President Trump is banning it. Here’s what you need to know about the app that is used by more than 1 billion Chinese residents.
Tech

The Trump administration is reportedly considering restricting Chinese giants Ant Group and Tencent in the US over national security concerns

The Trump administration is considering restricting Ant Group and Tencent – two Chinese powerhouses – in the US over national security concerns, according to a new Bloomberg report. Senior officials have not yet presented the possible restrictions to the president, Bloomberg notes. Its the latest example of the Trump administration’s […]
The Trump administration is reportedly considering restricting Chinese giants Ant Group and Tencent in the US over national security concerns
News

Abercrombie just made a big move to kill cash and appeal to millennials

Abercrombie & Fitch has launched a new feature that allows shoppers to purchase items on the retailer’s app using their Venmo account. The store is looking to appeal to younger shoppers who are known for going cashless. Money-transferring apps such as Venmo have grown in popularity in the past few […]
Abercrombie just made a big move to kill cash and appeal to millennials
Markets

MYOB is buying Paycorp Payment Solutions for $48 million

MYOB, an Australian cloud software group, has agreed to buy Paycorp Payment Solutions for $48 million. The acquisition will be funded with existing cash and is expected to close in April, MYOB said in a statement. The deal will add 6,500 clients to MYOB, which has launched online and mobile […]
MYOB is buying Paycorp Payment Solutions for $48 million