The world’s largest initial public offering has been disqualified by Chinese regulatory agencies. Fin-tech giant Ant Financial Group’s controlling shareholder Jack Ma and two other top executives got the news from Chinese regulators today. As a result, The Shanghai Stock Exchange suspended the IPO, which was scheduled for Thursday. A concurrent Hong Kong listing will also be suspended. The halted...

U.S. digital money transfer platform PayPal Holdings Inc(PYPL.O) has obtained approval from China’s central bank to buy a 70% stake in Gopay Information Technology. This will make PayPal the first foreign firm to enter China’s payment services market. Gopay has the capabilities for mobile, online, and cross-border yuan payment services. China’s central bank had announced last year that it was...

TakeMe Pay combines the biggest payment services in the world into one app CardLinx member Japan Foodie (www.japanfoodie.jp) is well-known as a multi-payment service mainly for the restaurant industry in Japan. When tourists visit Japan whether they are from China or the US, they can use the Japan Foodie app on their smartphone to make a reservation, order off the menu...

Payments and Offers Go Global Walgreens has announced that all of its US locations will now accept Alipay’s mobile payment platform. Alipay is already available at US cities such as New York, San Francisco and Las Vegas and by April, Alipay will be available at more than 7,000 Walgreens locations across the country. Walgreens is the largest U.S. drugstore chain to use...

Advocacy Groups Call for Facebook’s Break Up Nine advocacy groups have called the Federal Trade Commission to investigate the break up of Facebook in light of its consumer data breaches, especially with Cambridge Analytica. The recommendation includes spinning off Instagram and WhatsApp. The letter urged the FTC to regulate Facebook like a utility given its size, position and influence in...

US-based Visa and Mastercard face additional headwinds in entering the Chinese market. According to FT, China’s central bank known as the People’s Bank of China declined to acknowledge Visa and Mastercard’s applications to process renminbi payments. Sources claim their applications were submitted over a year ago and according to application procedures published in 2017, applications must be decided within 90...

Attendees Include UnionPay, CTrip, Discover/Diners Club, Samsung Card, Sumitomo Card Company, MaFengWo, Hilton SAN FRANCISCO — August 5, 2018 — The CardLinx Association today announced that their industry-defining event The CardLinx Asia Forum will be held in China for the first time on September 5that the Grand Hyatt Shanghai. This executive-level event will focus on artificial intelligence and commerce in...

NEW YORK, July 10, 2018 — Auto Finance News announced today that it has partnered with The CardLinx Association to co-present two groundbreaking events in Shanghai. Auto Finance Summit Asia and The CardLinx Asia Forum will bring together key executives and decision makers from Asia and around the world. Keynote speakers will present insights into auto financing and digital commerce in...

California’s New Data Law: 6 Things You Need To Know Now California is the new frontline for consumer data privacy. As we discussed in last week’s CardLinx Webinar, California passed a sweeping new data privacy law that was hastily signed into law yesterday afternoon in California’s capital by Governor Jerry Brown. The law contains many new digital data rights for...

CardLinx AI Commerce Forums Launched in the United States, China and Japan for 2018 Forum Keynote Speakers Feature Mastercard, Microsoft, Sumitomo Mitsui Card Company SAN FRANCISCO — June 7, 2018 —  The CardLinx Association today released new data from the 2018 Card-Linking and O2O Industry Annual Survey and announced new groundbreaking artificial intelligence (AI) commerce forums in the USA, China and Japan. The...

We welcome Shanghai-based 55Haitao to the CardLinx Association! Launched in 2011, 55Haitao is now the largest shopping guide for Chinese cross-border shoppers. It provides an online community with hot deals and cash back for Chinese shoppers. With over 4,500 overseas merchants like Neiman Marcus and Ralph Lauren, and more than 50 million products from name brands all over the world,...

We welcome You World to the CardLinx Association! You World is an in-store offer aggregator that plugs into major cross-border platforms such as WeChat and Alipay, and a network of travel apps such as CTrip. They harness the power of omni-channel data and location intelligence to drive foot traffic and sales from 120 million Chinese travelers to the brick and mortar...