Money20/20 Europe

By 2020, nearly 80% of China will be swiping, scanning or tapping to perform transactions as small as buying street food, to big-ticket items such as hotel rooms, driving $7-8 trillion worth of sales volume in the process. As transferring money becomes easier and cheaper, does China’s current mobile payment revolution offer the rest of us a vision of the future?

The convergence of a customer’s social, retail and financial life is transforming the way we pay day-to-day. Behind Alipay, dubbed a “super lifestyle app for the masses”, is Ant Financial, which is growing its already massive open TechFin platform, enabling payments and financial services to be integrated into various scenarios across different kinds of online devices, across different countries. The success of this low-cost, low-fuss technology rests on Ant Financial’s now world-renowned tech capabilities and service architecture.

The goal? To give consumers and SMEs equal access to payments and financial services anytime, anywhere and without any obstacles. Focussing on five key areas, Blockchain, AI, Security, IoT and Computing (BASIC), AliPay is already bringing the mobile payment revolution to European soil and it’s gaining traction. Join Li Wang, Head of EMEA at Ant Financial, as she shares her unique insight on how this technology serves up partnership opportunities in Europe.