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 Pay with Nets app on a phone from October; more QR code payment, tap and pay options for Nets soon https://t.co/2KWfEmtq0D 14 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Bringing digital currencies to the masses, making everyone #crptofit @julianhosp @tenxwallet #cryptocurrencyhttps://t.co/W7owl80g2E 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Nicki @CardUp_sg on new way to do #cards #cashback https://t.co/UDtJMGvENj 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Panel debate "The relentless internet and change driving Asia" Tyrone @Protiviti @nasav @aerospikedb Sam #krungsri https://t.co/loaIo8o3Wi 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Evolution themes on future of #payments - great sum up by Tyrone @Protiviti https://t.co/M6yLNIKhEK 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Discussing #blockchain at gps2k17. Is this the ultimate cure all? Religion? With DavidLee, Nick #identitii and Boon… https://t.co/MXOlSuXvpt 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @AlStuart6: Grab's growth and mission across Southeast Asia @GrabSG @GlobalPaySummit #GlobalPaymentSummit2017 https://t.co/FlhDfPfFQp 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit @IndoAxs2Finance Pak Iwan #BTPN speaking with Isaku #Worldbank and Budi of Midtrans to a packed audience at GPS https://t.co/jPyJfQqG4H 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit RT @aveekshith: At the @GlobalPaySummit, Srini talking about how @aerospikedb is helping customers in the payment space #aerospike https://… 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Panel discussion with regulators from Singapore Thailand Lebanon Malaysia #gps2k17 https://t.co/R9eUE5BFM0 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Regtech and more! With ruth wandhofer #gps2k17 https://t.co/UmhN0gUMYY 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit What will give #banks sleepless nights? #Alipay taking over supply chain trade? #Fintech facilitating trade payments? 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit "Policies can go wrong... not anticipating what technology comes and at what speed!" @ SusanHwee of UOB Bank #gps2k17 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Harry Smorenberg starting off the summit this morning! #gps2k17 https://t.co/gQQQOut07J 16 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Opening panel with UOB StandardChartered Swift Bain https://t.co/wVMjuZMCKz 16 weeks ago
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