FinTech Magazine February 2019 | Page 47

47 mobile phones first came out , you could only ring other people on the same network – this only lasted about six months . In the early days , everyone comes out with their version but at the end of the day , the agnostic approach is going to be a winner .”
In China , fast becoming the home of cashless payments , Nuggets has entered into a partnership with mobile payment technology , service and solution provider QFPay , which is used by epayment giants Alipay and WeChat
Pay , serving over one million merchants across Asia . This partnership will mean Alipay and WeChat Pay users can use a digital ID to make payments as opposed to attaching these to a bank card . “ You can ’ t compete against WeChat Pay and AliPay but you can add value to them ,” says Johnson . “ Currently you ’ re going back to plastic to enable them – you ’ re basically rerouting to the old system . The potential is that you have your login and maybe your profile data within your own realm
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