loading
loading
The proposal, made by Alipay+ in January, was the first by a China-linked entity in the financial services sector and came against the backdrop of easing tensions between the two neighbours. Read more: Liquidity management, asset quality among pillars for NBFC growth: RBI DG New Delhi and Beijing are working on maintaining peace at the border and Chinese President Xi Jinping's expected visit to attend a BRICS summit in New Delhi later this month has been viewed as an effort to stabilise bilateral relations. The Indian government's concerns about Alipay+'s proposal stem from its Chinese links, data-security risks and the potential misuse of customer data, the three sources said. The sources requested anonymity because the discussions are confidential. Reuters is reporting for the first time the Indian government's views on the matter. Alipay+ is operated by Singapore-based Ant International, a digital payments and fintech firm that was spun out of China's Ant Group as an independent company in 2024. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-04 02:54