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Let me share a few real life use cases for you - when I go to pubs/restaurants with friends in Shanghai, one of us would be using AliPay to pay for the whole b
by dis-sys 9y ago
Let me share a few real life use cases for you -
when I go to pubs/restaurants with friends in Shanghai, one of us would be using AliPay to pay for the whole bill, then he/she would be using AliPay's "AA Pay" feature to show the QR code to get money from everyone. I guess your paywave card won't help you on that.
shared bike is extremely popular these days, it costs you $10c for a one hour ride. paywave card is useless for such innovative products - the amount of each transaction is too small, plus you don't want to see a card reader on each bike as there are 10 million such bikes now.
EFTPOS style devices were popular in China, the quarterly statement from Chinese central bank shows that around 6 billion debit cards and half billion credit cards were issued in total.
http://www.pcac.org.cn/file/File/1490069955.pdf http://www.pcac.org.cn/file/File/1490069955.pdf