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Privacy concerns stall Alibaba's plans for Japanese Alipay

Banks reluctant to give China an opening to access customer data

More than 40,000 stores in Japan accept Alipay, including this department store operated by Sapporo Marui Mitsukoshi.

TOKYO -- Alibaba Group Holding's plan to launch a version of the Alipay mobile payment service in Japan has hit a snag, as banks withhold cooperation out of concern over potential data leaks into China.

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