Payment news, April 20

Alipay receives $732 million investment to grow, while the availability of export credit agency financing in the region increases significantly.

Alibaba Group invests Rmb5 billion in Alipay

Alibaba Group has announced it will invest Rmb5 billion $732 million into its subsidiary Alipay to fund growth. The cash infusion will be used by the Chinese e-payment engine to enhance infrastructure security, improve the customer experience, grow the number of accounts, build a comprehensive network of merchants and retain and attract new top-tier talent from the payments industry.

Online payment will continue to play an ever-growing and significant role in the development of e-commerce as well as the stimulation of consumer demand, said Lucy Peng, chief executive of Alipay and chief people officer of Alibaba Group, in a statement. Consumers expect a safe, convenient and...

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