Tag: alipay wallet

Alibaba and Intime partner on mobile commerce

Companies agree to tackle mobile commerce

Alibaba, one of China’s largest retail organizations, has entered into a new agreement with Intime Department Store. Intime currently operates 37 retail stores in China and had been looking to establish a stronger presence in the mobile sector. This interest aligns with Alibaba’s own plans and the two companies have agreed to work together to make mobile payments more accessible to consumers. This will be accomplished by Intime incorporating support for the Alipay Wallet application into its stores.

Alipay Wallet to be supported by Intime stores

Alipay was launched in January of this year and represents Alibaba’s approach to mobile commerce. The application is meant to store the financial information of users and make use of this information to facilitate purchases directly from a mobile device. The application currently boasts of more than 100 million users throughout China, making it the country’s premier mobile commerce platform. One of the attractive aspects of the application is the fact that it does not rely on NFC technology. The Alipay Wallet is able to facilitate mobile payments through the scanning of QR codes and similar barcodes.

Companies to expand their focus on mobile payments

Mobile Commerce - AlibabaPer the agreement, Intime will begin supporting payments being made by customers using the Alipay Wallet. This may help expose more people to the concept of mobile commerce and give them more flexibility when it comes to shopping at Intime stores. Both Alibaba and Intime have also agreed to expand their efforts in the mobile commerce field beyond the use of the Alipay Wallet. Exactly what that entails is not yet known.

Mobile commerce continues to gain traction in China

Mobile commerce has been gaining popularity with Chinese consumers for some time. More people are gaining access to smartphones and tablets and are beginning to demand more convenient and efficient ways to shop. Mobile commerce has been able to win over many people with its convenient aspects, but efficiency can often be a problem, especially if retailers are not comfortable with using mobile commerce platforms effectively.

New mobile payments system launched in Beijing

Mobile Payments BeijingAlipay puts a new twist on mobile payments

Alipay, a leading third party online payment solution provider in China, has launched a new payment system in the Beijing Subway. The system is designed to accommodate those interested in mobile payments, allowing them to use their smartphones or tablets to pay for public transit tickets. Such a payment system is nothing new, especially in the realm of public transportation, but the way that Alipay’s system facilitates mobile payments certainly breaks away from the established norm.

System uses sound waves to facilitate payments

Alipay’s mobile payments system uses sound waves in order to facilitate mobile transactions. The system relies on the Alipaw wallet, a digital wallet application that was released in January of this year. The application emits white noise, which is registered by the payment system, which then initiates a transaction. This white noise mechanic was initially meant to facilitate peer-to-peer transactions, but Beijing Subway saw significant promise in the applications capabilities.

Alipay Wallet application heavily influenced by growing demand for mobile commerce services

The new system has been launched in two stations in the Beijing Subway. More systems are expected to be installed throughout the subway network in the near future. Alipay notes that the growing importance of mobile payments in the lives of consumers was a strong inspiration for the development of this new payment system. The Alipay Wallet application is available to both Android and iOS consumers, but the latter group is noted as a major contributor to the development of the application’s sound-based mechanics.

Application meant to make mobile commerce more accommodating to iOS consumers

NFC technology has long been a cornerstone of mobile payments, but this technology is not available for iOS devices due to Apple’s disapproval of the technology. As such, iOS consumers have had to rely on alternatives in order to participate in mobile commerce. The sound-based features of the Alipay Wallet are meant to make it possible for iOS consumers to make mobile payments easily without having to worry about having access to NFC technology.