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 "The most striking thing we found during our attendance at the #europeanpaymentsummit was the fact that regulatory… https://t.co/FxCSh0XvLs 7 days ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: Money 2020: World FinTech Report 2019 #OpenBanking has yet to reach maturity, according to #WFTR2019. The financial se… 1 week ago
    European Pymt Summit European Pymt Summit @EuroPaySummit PayU acquires Turkish startup @iyzico_com #digitalpayments #fintech https://t.co/GCBAUcaNvC 1 week ago
    European Pymt Summit European Pymt Summit @EuroPaySummit EU to Increase Access to High-Quality Data for #Blockchain, #AI Projects https://t.co/ROfiA7X6hR via @cointelegraph 2 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @KYC_Ltd: #ThrowbackThursday to our win as "Best RegTech Provider" in the #FlorinAwards at the @EuroPaySummit! On our blog, we take a cl… 2 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: Whitepaper: One year after #PSD2 What has happened since PSD2 and #GDPR were introduced, and why financial services fi… 2 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit Always a pleasure to catch up with leading minds in #fintech during our #europeanpaymentsummit editions. @dgwbirch,… https://t.co/uIKHUrZJrT 2 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: Consumers are wary of #bankingtechnology Rate of consumers adoption of latest #banking technology does not necessarily… 3 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: 'Open Banking and Innovation: Let's Not Wait for PSD3!' Read my new article on the Payments Guru website: https://t.co 3 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @CurrencyResearc: Standardization of data is the basis of success for (SWIFT, Visa, Mastercard). Standardization is critical for moderni… 5 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @Finextra: Company announcement: HKMA grants four more virtual banking licences https://t.co/kphM1HMOgh #fintech 6 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @ccgroup: #ConciseComments: Facebook selects London as the hub to build WhatsApp's mobile payment feature via https://t.co/zdN7HSuSpx 6 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @KYC_Ltd: The central topic at the @EuroPaySummit last month was without a doubt #PSD2 & its #SCA requirements. On our blog, we take a c… 6 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @ccgroup: Our head of #fintech @prmonkeyman visited The Hague last week for the @EuroPaySummit and he has written about the key topics c… 7 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @PaymentCounsel: #Fintech firms form association to fight #PSD2 corner The European Third-Party Provider Association (#ETPPA) formalise… 7 weeks ago
    European Pymt Summit European Pymt Summit @EuroPaySummit RT @AToucinho: Découvrez mon dernier article : A La Haye, aux Pays-Bas, l’Europe des paiements se conjugue avec l’international https://t.c 7 weeks ago
  • Also interesting
    Alignment of Real-Time Payments Across International Borders
    Written on 22 April '19 by
    READ MORE
    Meet the Florin Awards Europe 2019 Nominees
    Written on 17 April '19 by
    READ MORE
    David Birch, Consult Hyperion: "We need national strategies to manage the transition to cashlessness"
    Written on 16 April '19 by
    READ MORE
  • News