Being a tourist in China just became a whole lot easier. Alipay and WeChat Pay — the dominant, QR-code based payment methods that have taken the world by storm — are now available for use by foreigners. This is a significant milestone for the companies and the country, and a harbinger for global expansion.
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fiserData: A behemoth is born, but is it enough?
A financial powerhouse was born as Fiserv agreed to buy First Data for $22 billion in an all stock deal. The news comes as a surprise for many in an industry that doesn’t see transactions of this size very often. The combined company (which will go by Fiserv in a tragic waste of an opportunity to rebrand) forges a mammoth technology vendor attempting to prove that despite all the noise around young tech companies like Square and Stripe, old dogs can also learn new tricks. The big question is whether it is too little too late.
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