India stalls Alipay+ payment link over security concerns
September 4, 2026
Alipay+’s proposal to link with India’s instant payments system for cross-border transactions has been stalled due to national security concerns in New Delhi and questions about the storage and use of customer data, reports Reuters citing inside sources.
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, which had a deadly border clash in 2020.
The Indian government’s concerns about Alipay+’s proposal stem from its Chinese links, data-security risks and the potential misuse of customer data, three sources said. The sources requested anonymity because the discussions are confidential.