Alibaba Challenges Apple Pay and WeChat Pay

Alibaba looks to target 4 million Chinese travelers
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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.

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This article was written by a staff member of TheStreet.