Payment company PayPal said its mobile transaction volume surged 42% to a record of more than $1 billion on Black Friday

Apple Pay is activated on only 16% of iPhones, according to user analysis

Alipay boasts over 700 million annual users, making for a 200 million user increase year on year

Walmart offers new service for customers to order and pay for online items in stores in one seamless transaction

American Express has been notified that the People’s Bank of China (PBOC) has granted it approval to set up a payments network in China

Mobile checkout app provider Skip will be available to thousands of retailers next year, giving smaller businesses a chance to develop Amazon Go-type stores

Restaurants in London's Chinatown will be the first businesses outside China to accept Alipay's mobile payment, making the payment process simpler for Chinese tourists