FinTech Magazine February 2020 | Page 66

TOP 10

07 Alipay

[ HQ HANGZHOU , CHINA ]

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Owned by Ant Financial , an affiliate of Chinese ecommerce and tech titan Alibaba , online and mobile payments platform Alipay has revolutionised transactions in Asia and beyond . Following expansions out of its native China to Japan , Australasia , Europe , Russia , and much of Asia , Alipay has been enabling Chinese tourism by ensuring they can access a clear and straightforward payment option that transcends language and cultural barriers . In 2019 , Alipay partnered with Australian food and travel platform HarkHark to bring free mobile translation for Chinese tourists at Australian restaurants , boosting both their experience and opening new revenue streams for restaurants involved in the initiative .
FEBRUARY 2020