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 WeChat pay launches in Malaysia targeting 20million existing users! #wechatpay #malaysia #payment #wechat #wallet https://t.co/8jIUhRZ4ET 14 hours 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 2 days 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:/… 3 days 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 4 days 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… 5 days ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Interesting policy evaluation on BNM's Payments card reform framework! https://t.co/CLUS5W2sKr 6 days ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Malaysia's QR code standard by PayNet - unified experience for all? https://t.co/W3sX44AsQ3 #QRcode #Malaysia #PayNet 6 days ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Toyota to invest S$1.34b in Singapore-based ride-hailing firm Grab https://t.co/zwH3d4lGp2 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Excited to welcome @XMLdation as sponsor at the 2018 Global Payment Summit on 19-20 Sep in Kuala Lumpur Malaysia.… https://t.co/sJI6CC864O 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Amazing GoPay in action - Check out the lady making a Rp 5,000 payment - equiv of 40cents USD! Acceptance and ease… https://t.co/CEln51vpLM 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Whatsapp coming to India's payment space. Will they monopolise P2P payments? https://t.co/3Mu1xWjBBM via… https://t.co/M7627UOF7c 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Call for speakers at GPS2018! Get in touch with us if you're a subject expert in #payments #openbankinghttps://t.co/YhVFQYeoVp 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Crypto as option for #crossborder #payments? https://t.co/SEu3ZrauRY 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Remittance world needs an overhaul indeed! LaLa World signs strategic partnership with https://t.co/boXdIIGMur to… https://t.co/P3bC098jcC 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Register early for GPS 2018 and get 20% discount off registration fees! https://t.co/FU2RfqdCiv 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit PSD2 - What does this mean for Asia? We're sharing European lessons learned at this year's GPS! Don't miss this pan… https://t.co/Cjpdy6qczQ 2 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit A different revolution in China? ... China’s President Xi Says Blockchain Part of New ‘Technological Revolution’… https://t.co/6FzKB4VwG3 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Surprise indeed! China emerges as Asia’s surprise leader on data protection https://t.co/HR8aMAacRG via @financialtimes #GDPR #China #asia 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit GDPR: Preparedness & Potential Impact in Asia https://t.co/3L4rCA6QsP via @AIGInsurance #GDPR #Asia 3 weeks ago
    GlobalPaymentSummit GlobalPaymentSummit @GlobalPaySummit Maybank Tie-up Puts GrabPay Ahead in Cashless Race https://t.co/PBYRCAxzWL #malaysia #cashless @GrabMY @MyMayBank 3 weeks ago
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