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Conceptual Association and Flow of Funds for WeChat and AliPay Payments in the EU

This is a conceptual association diagram as well as a flow of funds diagram for WeChat & AliPay in the EU, along with an accompanying IBAN wallet. The goal is to show that an EU/China seamless payment system can very easily be built and deployed, enabling the issuance of a European EUR IBAN to the …

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AliPay (an AliBaba Group company) gets US Money Transmitter License

AliPay Money Transmitter License Similar to the story of Microsoft getting its money transmitter licenses that I broke here, here is another Goliath which has applied for money transmitter license: Alibaba. AliPay, an AliBaba Group company was recently awarded a money transmitter license. AliPay is actually owned by ANT Financials (which is an AliBaba Group …

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