Alipay sets up e-commerce security fund

Eden Estopace
Retail Tech Innovation
Alipay, the e-payment affiliate of the Alibaba Group, is setting up a 40 million yuan ($6.5 million) online payment security fund.
 
The fund will be used to support research into online payment security issues and aid companies that develop security software.
 
Alizila, the e-commerce news website of the Alibaba Group, reported that the fund will focus on mobile payments and in companies that are researching defensive software against phishing websites, Trojan horse malware and other malicious online software.
 
It said Alipay, anti-phishing organizations and browser companies have shut down 155,282 phishing websites, or 44% of the total number of phishing websites globally.
 
Alipay Wallet, Alipay’s mobile payment application has more than 100 million users.

Commentary

5G and data center-friendly network architectures

Matt Walker / MTN Consulting

Webscale and transmission network operators' interests are aligning as the 5G era dawns

Matt Walker / MTN Consulting

Webscale and transmission network operators' interests are aligning as the 5G era dawns

Rémy Pascal / Analysys Mason

The launch of 5G by South Korean operators serves as a first benchmark for other operators around the world