Toutiao moves into payments with purchase of agency Ulpay

Posted on by lenkoivi

Toutiao has quietly acquired its own online payment license meaning that China’s most popular news aggregation app may go after a chunk of the mobile payment market shared by WeChat Pay and Alipay. The company has bought a 100% stake in Ulpay (合众支付), an online payment agency based in China’s Hubei province, according to 36Kr .

Read More – TechNode

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