Chinese ride hailing giant Didi Chuxing enters the payments market

19. December 2017.

“Didi Chuxing, China’s largest ride-hailing company, is speeding into the payments business, acquiring a much-coveted license to join the red-hot internet financial-services arena. Didi has agreed to fully acquire third-party payment-services provider 19Pay for 300m yuan (US$45.4m)… Last year, the PBOC said it would control the number of third-party payment licenses issued, making it increasingly […]

Read the rest of Chinese ride hailing giant Didi Chuxing enters the payments market at NFC World.

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