Alipay will affect the payments system in the future?

We all know that eBay has a nice payment platform which called PayPal, and now we also can find a good payment platform in China, we can call it Alipay which belong to the Alibaba group. China is in the midst of a mobile commerce boom, according to a new report from Alipay, the Alibaba-affiliated payments service that handles more than 80 million transactions per day. When I was learning how to shop online, I already know Alipay. Alibaba spent a lot of time on Alipay for the advertisement, obviously, that was a successful plan. Now, Alipay which has over 300 million registered users and more 190 million downloads of its wallet app. This result was very gorgeous; I think they have good potential, and this thing helped their listing plans. Alibaba may be about to take a new concept for the payment system, and this new attempt called “Smile To Pay”. Users could soon be able to pay by scanning their face with a smartphone. I think this is a good plan, if Alibaba group can attract Apple for the cooperation, then they will be able to receive more attention.

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Reference:

http://www.cnbc.com/id/102506106

http://techcrunch.com/2014/12/08/alibabas-alipay-now-sees-over-half-of-its-transactions-in-china-from-mobile-devices/