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.
Chinese companies dominate venture capital funded companies in the global tech space, according to worldwide data and analytics vendor GlobalData.
Chinese mobile payment platform Alipay has joined forces with the National University of Singapore to launch a new initiative aimed at supporting digital technology innovation throughout Southeast Asia.
Business-only bank Tyro is claiming an Australian-first with its first merchant — Heinemann Australia — implementing the Chinese mobile payment platform Alipay in its new stores at Gold Coast International Airport.
The use of the Alipay payment platform by Chinese tourists showed a sharp rise during the two months of summer holidays, the company claims.
Payment service providers in the Asia Pacific region have been driven to offering online pay-later options to consumers hampered by limited borrowing options – with Australian consumers, and their Chinese counterparts, leading the way as early adopters of the deferred payments concept.
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