Social Networks, e-Commerce, Digital Payment in China: What It Means for Other Countries

 

 

alipay_at_market

Can you go cashless buying eggs at your favourite markets in Asia?  Check out this picture (from the report) of a wet market eggs seller equipped with Alipay for payments! Can ‘cashless’ be a reality for Southeast Asia’s many cities and markets?!

The Better Than Cash Alliance Research Series

As governments and businesses worldwide look to boost financial inclusion and growth, the power of digital payments is becoming increasingly apparent. Notably in poor communities, digital payments are proving to be an effective way to open up new economic opportunities and markets for individuals and small businesses. ….

To help businesses and policymakers in other countries learn from these experiences in China, this report focuses on two major Chinese companies that have built on their existing e-commerce platforms and social networks to drive the uptake and usage of digital payments significantly, and support broader financial inclusion and economic activity.

At GPS 2017, Zennon MD of KapronAsia, one of the authors of this report will jointly discuss key findings of the report with representatives from UN.

 

Download report here…

Social network financial inclusion digital payment

  • GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit The wallets war just got to a whole new level in Malaysia https://t.co/yfJJxICF4o #wallet #fintech #wechat 9 hours ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @reach2ratan: AliPay CEO Jack Ma Confirms Successful 3-Second #Blockchain Remittance https://t.co/8daWq8jRYB #CyberSecurity #infosec #… 10 hours ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Vote for the best out of our 10 nominees at the Florin Asia Innovation Awards! Stand a chance to win a free delega… https://t.co/9oWk6H1wn6 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Sign of the times? UOB to launch digital bank in key ASEAN markets: https://t.co/ykI5CKugGG #payments #fintech #banking 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Definitely not the way forward to encourage e-payments! Who wants to get paid in months?! Hawkers at new Pasir Ris… https://t.co/hoouDFiuXx 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Do you know about IFAA? @AntFinancial founded this alliance to dev standards on biometric authentication. Interope… https://t.co/SvGaMEiZn1 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Last 3 days for the early bird discount at Global Payment Summit 2018! Get your registrations done asap and don't… https://t.co/ybC14uK2RW 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Are cashless society just a con for big finance and payment companies? Who hates being nudged away from cash?… https://t.co/NTIUoYICmr 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Is there a fair playing field for banks and fintechs? Join our panel at GPS! Get in touch if you'd like to speak?… https://t.co/tYLKC1pyxK 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit A cashier's job is sure complex these days! Look at the plethora of payment options, bill payments, and top up for… https://t.co/1OuYuhhMD6 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @retailasiamedia: UnionPay. LiquidPay tie-up to expand QR code payment acceptance in Singapore https://t.co/2y7qJDKgWQ #retailasia #Unio 4 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Have an innovative solution in the #payment experience? We invite you to enter the Florin Asia Innovation Awards!… https://t.co/vQEWHm1B4J 5 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @SuperChargerFT: Don’t miss the chance to showcase your payment solution at @GlobalPaySummit and stand a chance to win the Florin Asia… 6 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit WeChat pay launches in Malaysia targeting 20million existing users! #wechatpay #malaysia #payment #wechat #wallet https://t.co/8jIUhRZ4ET 9 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit GPS 2018 will be at the brand new FourSeasons KL opening Aug 2018. We're excited to be in an awesome location this… https://t.co/4ggiOhe5ma 9 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @FintechSIN: Rapid development for #Fintech in Singapore for the month of June Read more:https://t.co/VraTUCfmIz Subscribe here: https:/… 9 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit One of the world’s most prominent promoters of ICOs is calling it quits https://t.co/fFM21p5ZW8 via @markets #ICO #Mcafee 9 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @AusPayNet: Media Release: The Digital Economy report - our ninth milestones report reveals the shift to a digital economy in Australia… 9 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Interesting policy evaluation on BNM's Payments card reform framework! https://t.co/CLUS5W2sKr 9 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Malaysia's QR code standard by PayNet - unified experience for all? https://t.co/W3sX44AsQ3 #QRcode #Malaysia #PayNet 9 weeks ago
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