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by baybal2
3226 days ago
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Well, they are trying to undercut Chinese with web payments, one part why mobile payments took off so well in China is because Tencent and Alibaba took out browser makers out of the equation. If you open a website that requests your Visa or MasterCard CC data in any Tencent product, it will be blocked unless "their special hack proof API" is used. And yes, they blocked apple pay too |
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Alibaba are very active participants on the Payment Request Working Group. I'm not sure they can undercut themselves. You will find several very large Chinese companies taking part: https://www.w3.org/2004/01/pp-impl/83744/status