Alipay stories
Alipay's active user-base is >520 million and in 2016, ANZ welcomed 1.6 million Chinese visitors in total. The rollout will commence with a NZ pilot.
Alibaba solidifies its strategic bond with Ant Financial, acquiring a 33% stake in exchange for intellectual property, ending a lucrative profit-sharing pact.
The company that started out as a B2B portal now touches almost every aspect of the internet and eCommerce sectors.
New Zealand's EFTPOS system used to be world leading, but new technologies like WeChat pay and Alipay have left us behind.
