Alternative to Banks: 5 Mobile Wallets for Developing Countries
Mobile wallets help to convert cash into digital money without depending on banks
Mobile wallets help to convert cash into digital money without depending on banks
The number of merchants using artificial intelligence (AI) tools to integrate payment services with Ant International has quadrupled over the past 12 months, the company noted. As the demand grows, the company plans broader rollout of AI-native tools across payments, foreign exchange, treasury, and credit operations.
Money20/20 Middle East closed its active three-day run in Riyadh this week, bringing the fintech community a set of regulatory announcements from the Saudi Central Bank (SAMA), a new unicorn in the Kingdom’s payments sector, and cross-border card interoperability with Qatar.
Before agentic commerce becomes routine, someone has to answer a basic question: how does a bank or merchant know that AI agent initiating transaction is trustworthy and really acting on your behalf? Three of the biggest names in global payments industry are looking for a joint solution.
Starbucks and Alipay together launched an AI-powered “Coffee Alarm Clock” in China. The new service allows consumers to schedule recurring Starbucks orders through Alipay’s AI agent, Ah Bao.
Mastercard has launched Wallet Pay, a global portfolio of solutions designed to connect digital wallets to its worldwide payments network.
WhatsApp rolls out a new bill-payment feature in India. It allows users to manage and pay a range of household and other recurring bills directly through the messaging app. The feature is gradually introduced across the country for Android and iOS users.
Hong Kong financial regulators enhance their practical artificial intelligence with select 36 use cases for the first cohort of the GenAI Sandbox++. Projects to test span across agent-initiated commerce, payments, customer onboarding and liquidity management.
There has been a rise in coverage of digital services that assist in environmental programs in sustainability news. One example today is Alipay Ant Forest, which has reported that over 700 million people in China have been using its service since its inception in 2016 and, consequently, more than 700 million trees have been planted […]
Alipay introduced China’s first full-stack agentic commerce platform on August 17, 2026, at its AI Ecosystem Partner Conference in Hangzhou. The platform is designed to help merchants move from standard digital operations to AI-powered operations.
The thing that lets you pay with your smartphone at the store checkout without ever fumbling with your bank cards or cash banknotes is called a digital wallet. We might use it every other day, but never stop to figure out how exactly it functions. This article aims to explain the main types of digital […]
Foundation model developer StepFun and Alipay have announced a system-level partnership aimed at bringing AI agents beyond conversational assistance and into everyday consumer services. The collaboration was unveiled on July 17 during the World Artificial Intelligence Conference (WAIC) 2026 in Shanghai.
Hangzhou-based Alipay has integrated an AI agent into its Tap! payment devices, extending AI-powered services to the millions of offline merchants that use the hardware. The company describes the update as the basis for the world’s first large-scale AI-powered offline business operations network.
Artificial intelligence (AI) is rapidly becoming part of everyday life, but its expansion comes with a growing challenge: energy consumption. Training and running advanced AI models requires vast computing resources, and the data centres powering these systems are consuming increasing amounts of electricity worldwide. Against this backdrop, Chinese technology giant Ant Group is attempting to […]
On May 26, Alipay, which is an Ant Group digital payments company, introduced two solutions at its AI Payment Ecosystem Conference in Hangzhou: AI Wallet and Token Pay.
Alipay has launched a delegated payment feature through its AI Pay product, allowing users to authorize an AI assistant to make purchases on their behalf. The feature is now live on Taobao, Alibaba’s e-commerce platform.
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