China as one big ‘Sandbox’ of innovations

 

 

How Chinese innovations in payments will affect Europe

Rita Liu, Head Alipay EMEA
David Lee Kuo Chuen | Professor @ SIM Singapore, Entrepreneur, Director and Advisor

china-641112_640

 

China and India are perceived as the two key nations with the most innovations in the transaction space. China’s ecommerce market is still expanding and forecasted to reach $1 trillion in 2020. Mobile payment giants Alipay and WeChat Pay are going head to head to win market share as Alipay retains its lead. Next to that we see that Chinese payment providers do follow the affluent Chinese shoppers both at home and abroad. Chinese tourism to Europe is growing exponential. So “follow the client” is what we see happening. But will it be more? How will key Chinese payments developments effect the European payment landscape and what to expect from new entries in the European market. This track will discuss the key trends in China on payments innovation, next to key insights of the developments in Europe by one of the leading providers: Alipay. The session will be a dual presentation, leaving ample time for Q&A and discussion with the experts presenting.

  • @EuroPaySummit

    European Pymt Summit European Pymt Summit @EuroPaySummit RT @BrettKing: How Chinese companies are planning a global fintech coup https://t.co/WZS3vqAPh5 #Fintech #China #HK #Africa #Alibaba #Ten 4 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Do you have compelling views, research, or experience to share with fellow innovators, regulators, and industry exp… https://t.co/1sjHWtG9rF 5 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit For everyone who wants to follow the latest movements and news from Central Banks in payments, check out the CBPN!… https://t.co/KxjTW8o2HS 5 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Announcing the 17th edition of EUROPEAN Payment Summit in The Hague next year 25-26 April 2019! Save your date, ch… https://t.co/kLf8XCGs6d 5 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @aidtechnology wins unanimous jury vote at the Florin Innovation Asia Award at GPS2018! Congrats to a worthy winner… https://t.co/WAbUsgWhvX 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @everiToken wins our public vote of the Florin Innovation Asia Awards! https://t.co/gE2NiHKYv6 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Not all wallets are created equal - DuncanWoods @OliverWyman at GPS2018 https://t.co/dnsPSItwhC 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Cross border real time is happening now - are you ready? @ACI_Tunbridge @ACI_Worldwide https://t.co/rtNUVOtsBS 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit 78% asean institutions think real-time payments will replace use of payment cards #Payments #realtimehttps://t.co/nmtBBbGrTO 13 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @ThePaypers: Collaboration&tech support ‘faster versions of #paymentsolutions - but what about #security risks? @silviamensdorff @vivekb 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @silviamensdorff: Great conference @europaysummit - as discussed - i#GDPR is the Modern Wealth In Your Digital DNA - hope you enjoy my b… 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @EBFeu: Wim Mijs: “The financial industry needs enough flexibility to come up with interoperable and secure #payment solutions, because… 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @RiskIdent @ThePaypers Awesome to hear! All the best. 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Wrapping up EPS2018 with our closing keynote panel. @jgrantindc @BroxisJ @Wim_Mijs EstherGroen #paysummits https://t.co/sVeTWwDJM8 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @signicat Congratulations! Great job! 1 month ago
    European Pymt Summit European Pymt Summit @EuroPaySummit @RiskIdent @ThePaypers Congratulations!!! 1 month ago
  • Also interesting
    Register Early for 20% Discount
    Written on 12 November '18 by
    READ MORE
    The Pains and Gains of the GDPR: Bridging Finance, Technology and Personal Data
    Written on 28 February '18 by
    READ MORE
    Diversity in Payments - Open, Robust and Efficient
    Written on 28 February '18 by
    READ MORE
  • News