20: Alipay vs WeChat and why smile to pay matters

China Tech Talk

English - September 08, 2017 03:43 - 1 hour - 57.9 MB - ★★★★★ - 43 ratings
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Previous Episode: 19: China's $20 billion news app with Dannie Li

Next Episode: 21: China's ICO ban with Patrick Dai

Matt and John start with Alipay's recent "smile to pay" demo and end with a discussion on why WeChat went into payments in the first place. Along the way, they talk about:

Alipay and WeChat's money market funds
WeChat's new money market fund feature
The dangers and benefits of ubiquitous facial recognition

-The role WeChat and Alipay are playing in reshaping retail banking in China

-Whether Alipay can ever become a platform like WeChat