Tag: alipay

  • Alipay transaction volume over Golden Week holiday more than doubles from last year

    TechNode reported that Alipay transaction volume over Golden Week holiday more than doubles from last year. Alipay, the payment arm of Chinese e-commerce giant Alibaba, has released new statistics about this year’s Chinese National Day Golden Week (黄金周, the week-long public holiday from October 1 to 7). As expected, mobile payment saw heightened traction during the…

  • Why QR codes trump NFC in China

    TechNode reported on Why QR codes trump NFC in China. Barrier of entry is much higher for NFC compared to QR code payment. This applies both for consumers and vendors. Consumers need to have devices that come with NFC and vendors need equipment that can accept NFC payments. QR code, on the other hand has…

  • Alipay and WeChat Pay could be affected by PBOC’s QR code standards

    E27 reported that Alipay and WeChat Pay could be affected by PBOC’s QR code standards. Safety issues have emerged over barcode payments, particularly over fixed codes typically seen at restaurant counters. These are sometimes swapped by criminals who intercept payments. Setups that create a new code for each transaction are more secure. Alipay and WeChat…