Theworld'sleadingmobilepaymentplatformAlipaywaslaunchedinDenmarkonMonday,enablingitsChineseuserstoenjoyitsfastandconvenientpaymentservicewhentheytraveltotheNord
ThedevelopedcountrieshavebeenleftbehindbyChinainthedevelopmentofacashlesssociety.Itispredictedthatmobilepaymentswillsoonreplacecardpaymentsasthemostcommonpaymen
Aseasyasitistomakepurchasesintheeraoftap-to-payservices,it'sabouttogeteasierstill.Alipay(whichhandlespurchasesforChineseshoppinggiantAlibaba)haslaunchedwhatitsa
DomesticInternetgiantTencentHoldingsonTuesdaylinkedtheWeChatpaymentfunctiontoAppStore,thecompanysaidinastatementsenttotheGlobalTimes.Thecooperationfollowedamove
Whiletheenvisionofa"cashlesssociety"hasalreadybeenonfordecades,theworldhasneverbeensoclosetothisrealityliketoday’sChina,whereevenstreetvendorsalloverChineseciti
“In five years, we will make most of the cities cashless societies in China. Hangzhou, my city, is already a cashless society, almost,” Jack Ma, founder and executive chairman of China’s e-commerce giant Alibaba Group, made an ambitious claim during the group’s Gateway 17 Conference in Detroit in June.
“Infiveyears,wewillmakemostofthecitiescashlesssocietiesinChina.Hangzhou,mycity,isalreadyacashlesssociety,almost,”JackMa,founderandexecutivechairmanofChina’se-co
In recent years, a number of China's technological innovations have been making their moves in the world. Among them, four stand out with a reputation of China's "four great new inventions" in modern times, which have made the daily life of the public more and more convenient.
Inrecentyears,anumberofChina'stechnologicalinnovationshavebeenmakingtheirmovesintheworld.Amongthem,fourstandoutwithareputationofChina's"fourgreatnewinventions"i
LifeinChinaisbecomingcashlessasmobilepaymentshaveenjoyedgrowingpopularity.Asurveyon6,595peoplebyIpsosResearchCompanyfoundthat40percentofpeoplewouldtakelessthan1
Third-partymobilepaymentshavebecomeawayoflifeformanyChineseresidents,andChinawillmovefurtheraheadinthisregarddespitethechallenges,BaiMing,deputydirectoroftheCom
Yang Qianqian holds out her smartphone to scan a barcode on the mobile of a vendor selling fresh fruit and vegetables at a bustling outdoor market in Beijing.
YangQianqianholdsouthersmartphonetoscanabarcodeonthemobileofavendorsellingfreshfruitandvegetablesatabustlingoutdoormarketinBeijing.ThisphototakenonJune27,2017sh
ScanaQRcodeandpress"ok"toconfirmpayment.Thisentiretransactionisdoneinjustaminute.Noneedtofumblewithcoinsandnotes.CanChinaembraceacashlesssociety?Guiyangsignedac
ThesecondphaseoftheCross-borderInterbankPaymentSystem(CIPS)willbelaunchedinShanghaitopromotetheglobaluseoftheChinesecurrencyandtheBeltandRoadInitiative.Theupcom
Byyear'send,mobilepaymentwillbeacceptedonallpublicbusesinHangzhou,makingthecitythefirstinChinatodosoonallitsbusesandconsolidatingitsreputationasamobileapplicati
ChinesemobilepaymentgiantAlipayreachedadealearlierthismonthtoallowitsuserstomakepurchasesatfourmillionUSmerchantsservedbypaymentsprocessorFirstDataCorp.Butthere
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