Alipay+ now drives more than 80% of cross-border QR payments via DuitNow, providing Malaysian SMEs with increased revenue and access to a growing number of global customers. Read here: https://lnkd.in/g7pGCjBa -with Alipay+ Gary Yeoh Ed Yue #fintech #payments #crossborderpayments
Global CTO | Enterprise Mobility & Cloud Security Strategist | Driving Digital Transformation & Sustainability
1moNo wonder there is a delay in #UPI Integration NCPI . Since #Alipay is Chinese cross connecting Chinese and Indian payment systems would be a political challenge. Or will it? Hopefully a pragmatic approach would take place. Indian tax loophole! Currently all foreign payments beyond INR 700k (going to INR 100k) will automatically incur a 20% TCS! This means traveling is automatically 20% more expensive for Indian citizens! especially if you spend USD 10k(~100k INR) or beyond!