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Nepal bans Alipay, WeChat Pay

May 21, 2019 - 9:40 PM

(UPDATED) Nepal's central bank says Alipay and WeChat Pay are banned 'because the country is losing foreign currency earnings' through usage of the Chinese digital payment platforms

Alipay and wechat QR codes for online payment are displayed as a vendor (L) receives money from a customer at a meat stall in Nantong in China's eastern Jiangsu province on August 9, 2018. - The consumer price index (CPI), an important barometer of retail inflation, rose 2.1 percent on-year, from 1.9 percent in June and slightly higher than the 2.0 percent forecast. (Photo by - / AFP) / China OUT / “The erroneous mention[s] appearing in the metadata of this photo by - has been modified in AFP systems in the following manner: [correcting positioning of vendor from R to L]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.”

Coins.ph, GCash, GrabPay, PayMaya: Who’s leading the mobile payments war in PH?

Apr 02, 2019 - 12:51 PM

Take a close look at how the competition is playing out so far

Why the Philippines has been slow to adopt e-wallets

Mar 18, 2019 - 6:42 PM

And why that's about to change