China’s Alipay grabs slice of US market with First Data deal

An Alipay logo is seen at a train station in Shanghai, February 9, 2015. REUTERS/Aly Song/Files

News that Alipay hooked up with First Data Corp. in the U.S. may end up being more significant for both the Chinese fintech player and for Apple Inc. than Jack Ma‘s $1.2 billion bid for an old-school payments provider, MoneyGram International Inc.

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