Alipay has launched a new payment system in the Beijing subway that uses sound waves to connect smartphones with ticketing machines. The sound wave payment system was introduced with the Alipay Wallet mobile app in January and uses white noise (link via Google Translate) generated by a smartphone to carry digital information to another device. Initially used for smartphone-to-smartphone… → Read More
Alibaba is best known for its international B2B e-commerce and sourcing market place Alibaba.com, but also operates Taobao – the “eBay of China” and largest C2C Internet retail web site, Alimama – an online advertising exchange and affiliate network – as well as Alipay, China’s most popular third-party online payment system modelled after Paypal but offering additional features such as escrow… → Read More
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