ByteDance payment service launches in China through Douyin

ByteDance payment service - paying via mobile phone

The TikTok parent company is using this as its next step into fintech and mobile commerce. The company behind TikTok has announced a new ByteDance payment service launched within Douyin, the Chinese version of the popular short video sharing app, which it also owns. The Douyin Pay option can be used to transact purchases within the video sharing application. The ByteDance payment service is in the form of Douyin Pay on the short video app. This makes it possible for creators to more easily sell merchandise or other items related…

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Alipay mobile wallet launches Wuhan merchant recovery effort

Alipay mobile wallet - shops and hotel in China

The top m-payment provider in the world is implementing several local assistance strategies. As Wuhan re-opens after having been the heart of the COVID-19 pandemic, Alipay mobile wallet is moving forward with a number of measures to help local merchants recover. The m-payments giant has 900 million direct customers and is launching new assistance efforts. Alipay mobile wallet is owned and operated by Ant Financial Services Group. It has 900 million direct customers. It recently created a special page on its smartphone app. This page is meant specifically to identify…

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Will facial pay technology be the next stage in mobile payments?

Facial Pay - mobile payments with face ID

Will consumers and businesses be willing to adopt it and how will their privacy be secured? The technology for facial pay already exists. That said, developing a transaction method and encouraging individuals and businesses to use it are entirely different challenges. The tech uses mobile payments that verify transactions using an individual’s own face. The idea behind using facial pay technology is that a person would be able to walk into a store, pick up the desired items, then look into a camera at the checkout area to confirm identification.…

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Alipay app for tourists: foreign visitors in China can now use popular mobile payments

Alipay app for tourists - Shanghai

Alipay and WeChat pay are widely used in China and now travelers to the country can use them, too. Taking a trip to mainland China? You might be glad to know that there is a WeChat pay and Alipay app for tourists now available. Alibaba and WeChat announced that travelers to the country will be able to link their international cards to their payment apps. This move will make it more convenient for tourists to buy goods in China. Prior to the roll out of these mobile payment options for…

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Beauty filters to be added to Alipay’s facial recognition payments system

Facial recognition payments - Woman with mobile phone

Alipay is catering to China’s beauty culture. Alipay, a Chinese third-party mobile and online payment platform, recently announced that it would soon add beautifying filters in its facial recognition payments systems at retail locations across China. A survey revealed that those who use facial scanning tech to make payments feel ugly when doing so. The announcement, which was made on July 2, comes after the results of a recent poll conducted by Sina Technology. The tech news portal surveyed over 40,000 people, who were asked if scanning their faces when…

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