International tourists to mainland China will be able to use a version of the Alipay app to make cashless payments from their phones, a report says. Alipay is owned by Ant Financial, an affiliate of retail giant Alibaba.
Payment platform Adyen is collaborating with Chinese leading payments platform Alipay to support payment methods for the AliExpress, Taobao, Tmall and Alibaba.com brands globally.
Worldwide mobile money transfer volumes will exceed 203 billion in 2024, up from 130 billion in 2019, according to new research which reveals that country domestic transfers are being driven by increasingly easy mobile payment systems.
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Thanks David, and thanks iTWire for continuing to cover this.