Global Mobile Points of Sale (mPOS) transaction values will exceed US$1.9 trillion by 2024, up from $850 billion in 2019, according to a new report from Juniper Reseach.
International tourists to mainland China will be able to use a version of the Alipay app to make cashless payments from their phones, a report says. Alipay is owned by Ant Financial, an affiliate of retail giant Alibaba.
Payment platform Adyen is collaborating with Chinese leading payments platform Alipay to support payment methods for the AliExpress, Taobao, Tmall and Alibaba.com brands globally.
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