Alibaba Alipay gets European licence

18 January 2019 (Updated: 23 June 2019)
Alibaba’s payments arm Alipay is due to launch in mainland Europe after securing a licence in Luxembourg.
Luxembourg’s finance minister Pierre Gramegna confirmed via Twitter during an official visit to Hong Kong that Alipay has secured a licence for electronic payments in the country, adding that the move would strengthen ties between Europe and China.  ...