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The rise of robots

... as CEO of PayPal. Instead of having humans scrutinize every item in every batch of 1,000,000 transactions for indications of fraud, PayPal’s computers can approve the obviously legitimate transactions ...More

EJ Insight2014-10-06

What will be in Alibaba’s shopping cart next?

... n off its PayPal in the future. It owns a great online platform and most of its customers are in the US. Acquiring the firm would definitely boost Alibaba’s presence in the country. Overstock.com may ...More

EJ Insight2014-09-23

Ebay eyes bitcoin for payment unit

PayPal, the international online payment service owned by Ebay, is in talks with Coinbase Inc. and other bitcoin transaction providers to integrate the virtual currency into its Braintree payment syst ...More

EJ Insight2014-08-15

Alibaba sells loan unit to Alipay parent

... Alipay, a PayPal-like service that is used by shoppers on Alibaba’s websites. The sale means the financial services assets will be owned by Chinese nationals instead of the global investors that may b ...More

EJ Insight2014-08-13

Ebay falls prey to hacker attack

... e group's PayPal online payment service, Financial Times quoted the US firm as saying Wednesday. PayPal customer data is said to be stored and encrypted separately from eBay customer data. The eBay da ...More

EJ Insight2014-05-22

Betting on BitPay to swipe business from credit card titans

... d as the "PayPal of bitcoin" and enables bitcoin transactions between users. It reportedly did US$100 million in transactions last year, and provided payment processing services for more than 20,000 b ...More

EJ Insight2014-05-21

Korean Lotte.com now accepts Alipay payments

... ding to a Paypal and Nielsen survey, China had 18 million online cross-border shoppers who spent 216 million yuan (US$35 million) last year. By 2018, the number of Chinese cross-border shoppers is exp ...More

EJ Insight2014-05-20

Online door opens for offshore ginseng sales

... s can use PayPal for consignments that will be delivered via DHL, UPS and FedEx. Ginseng is a major element of traditional Chinese medicine and Jilin's Changbai Mountain area produces about 70 percent ...More

EJ Insight2014-05-15

Paypal to launch fingerprint authentication service

PayPal will launch a fingerprint authentication service in 26 countries and territories including Hong Kong, Singapore and Australia starting April, a senior executive said Wednesday. The service, ava ...More

EJ Insight2014-02-26

Alipay claims top spot globally in mobile payments, report says

... unterpart Paypal since the second quarter last year. -- Contact HKEJ at digest@ejinsight.com CG/RC   ...More

EJ Insight2014-02-10

Beijing Post, Paypal in cross-border service pact, Xinhua says

Beijing Post and payment solution provider Paypal on Wednesday signed a cooperation agreement to speed up services related to cross-border electronic commerce, Xinhua news agency reported. According t ...More

EJ Insight2013-12-19

One single sale in November dwarfs a month on Amazon

... pay (like Paypal), so the total spending amount will be higher once all payment methods are tallied. (Alibaba doesn't sell merchandise but offers a sales portal for vendors through Tmall and Taobao.) ...More

EJ Insight2013-11-12

Danger lurks in internet funds' untested waters

... t company PayPal as an example. PayPal rolled out a product similar to Yu’E Bao back in 1999, Yang wrote on Yicai.com earlier this month. It was the prototype of the products now popping up in China a ...More

EJ Insight2013-10-28

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