Will we Witness a Raging War Between UnionPay & Alibaba in Near Future?

It seems that the Alibaba Group is not only a major concern for competitors in the retail sector but in the banking sector as well. The president of China UnionPay recently sent a letter to employees, which is now widely publicized in China. The letter warns of threat from the e-commerce giant, especially its payments arm Alipay. Payment b ...

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