nikkei

Alibaba Leads China’s Drive to Secure New Blockchain Technologies

Alibaba Group Holding has filed more than 10 per cent of the world’s patent applications for blockchain in a sign of China’s ambitions to dominate the next generation technology in uses beyond cryptocurrencies. China filed more patent applications than the U.S.

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Alipay Partners With Yahoo Japan to Expand Mobile Payments Reach

Ant Financial Services Group and Yahoo Japan have formed a partnership, hoping to grab a slice of the mobile payments business in Japan, the two companies said Wednesday.

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Cashless Payments Push MUFG Bank to Shed 20% of ATMs

MUFG Bank looks to shrink its Japanese ATM network by 20% through fiscal 2023 as online sales and cashless payments reduce the need for personal banking services such as cash withdrawals.The Mitsubishi UFJ Financial Group unit operates 8,141 ATMs nationwide, and intends to cut this number to around 6,700.

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Japan’s Line Pay Throws Down Gauntlet to Alipay

Japanese chat app operator Line unveiled a new service aimed at spreading mobile payment across Japan, in the most potent challenge yet by a Japanese operator to the dominant Chinese mobile payment platform, Alipay. The move is an ambitious attempt to break Japanese people’s habit of using cash for every transaction.

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Japanese Megabanks Team Up on Mobile Payments

Japan’s three megabanks are working together to standardize a smartphone payment system using QR codes, aiming to promote cashless transactions already widespread in China and elsewhere. Mitsubishi UF

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