Apple Pay (AAPL) - Get Report can expect increased competition from Alibaba's (BABA) - Get Report AliPay. The company signed a deal with credit card processing service First Data (FDC) - Get Report to expand its services to North America.
- Alibaba Launches AliPay in U.S. to Challenge WeChat, Apple Pay
- Alibaba's Alipay is Winning the Mobile Payments Game in China
Jim Cramer and the AAP team are discussing fallout from first-quarter earnings from Apple and Facebook ( FB) and how to play the big tech names. Get his insights or analysis with a free trial subscription to Action Alerts Plus.
This article was written by a staff member of TheStreet.