Alipay Remains China’s Largest Mobile Payment Company According to iResearch, an independent market research firm, Alipay held over 55% of China’s third-party mobile payment market during the first quarter of 2020. Read more in DIGICONasia.
MYbank Unveils 5-Year Plan to Serve More SMEs in China Ant’s MYbank announced a five-year plan to work with partners to better serve SMEs across China, including leveraging supply chain finance to support 10 million SMEs, providing rural lending, and serving 40 million female business owners. Read more on Yahoo Finance.
Pet Insurance Now Offered on Alipay Alipay has developed a new feature that can recognize animal nose prints, said to be the first application of such technologies in China. Using this identification method, Alipay has partnered with insurance companies to provide insurance services for pet cats and dogs. See the article in Caixin.