A Chinese businessman arrives in Singapore to attend a conference. At the airport, he hops into a taxi to get to his hotel. And he pays for the fare using Alipay, the world's largest mobile payment platform with over half a billion users, most of whom are Chinese nationals.
An instantaneous cashless transfer from his bank in China to the vendor, CityCab, in Singapore. No fuss, no sweat. Welcome to the world of e-payment interoperability.
TO READ THE FULL ARTICLE
Thank you for reading The Straits Times
You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.
What is Premium?