Tag: alipay

QR code payments could break $3 trillion in 3 years

Jorge Gonzalez
QR code - Paying via QR code

A new Juniper Research forecast suggests that the mobile transactions will reach the milestone by 2025. QR code payment trends have shown that the transaction method is taking off, even if it has experience broken global growth over the last few years. Quick response barcodes have been used for payments far more in some regions than in others. The low-cost, easily recognizable and simple to use technique of QR code payments have high appeal to many merchants and consumers globally. Though the popularity differs from one region to the next.…

Read More

ByteDance payment service launches in China through Douyin

L. Green
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…

Read More

Alipay mobile wallet launches Wuhan merchant recovery effort

Jesse Collins
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…

Read More

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

Jorge Gonzalez
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.…

Read More

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

Amanda Giasson
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…

Read More