The newly introduced application can store and manage a range of payment methods, including credit cards, gift cards and coupons. Money will be transferred via the internet, barcodes, QR codes and a “sound wave payment” technology, a feature which uses white noise to communicate between devices and transfer funds between Alipay Wallet users.
In recent news, Alipay has unveiled that it has formally established a new rural business unit, aiming to reach non-e-commerce users in third- and fourth-tier cities as well as in rural areas.
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