China has rapidly developed into the world’s long-standing leader in mobile payments. Foreigners visiting China are always surprised by the prevalence of convenient mobile payments. In recent years, Alibaba and Tencent has accelerated their overseas development, especially in Southeast Asia.
Chinese mobile payments have made new moves in going abroad. On March 15, Ant Financial’s Alipay platform entered the markets in Cambodia, Laos, the Philippines and Burma to serve Chinese tourists.