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Read more at https://on.ft.com/2Lpwu2X In China cash is no longer king. Why? Because of the Alipay phenomenon. It's China's biggest mobile ...
YouTube-Financial Times
When Alipay was created in 2004, credit cards in China were rare and cash was deemed more trustworthy
In the first quarter of 2018 more than 20% of all sales in China were processed online
Alipay charges a tiny transaction fee but the real profit comes from selling other financial services
Speaker(s): Ilya Grigorik, Pierre Far Description: Data delivered over an unencrypted channel is insecure, untrustworthy, and trivially ...
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