Alipay stories
BNZ is the first Kiwi bank to offer the option to accept Alipay which should roll out in July following the trial currently underway.
The strategic partnership between the technology giant and the Government of Thailand seeks to push the development of the nation's digital economy.
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.
It will allow Chinese customers to scan a QR code to bring up a digital menu, self-order and pay for their meal, all through their mobile device.
