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Can Alipay’s NFC push with “Tap!” disrupt QR code payments?
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Can Alipay’s NFC push with “Tap!” disrupt QR code payments?
When QR codes have become ubiquitous across cities and towns, how can Alipay disrupt the well-established payment system built on this technology? In mid-2024, merchants began noticing Alipay’s push for a new “Tap!” payment method. “Each participating merchant could receive up to RMB 6,000 (USD 840) in monthly subsidies, while promoters earned commissions of RMB 560 (USD 78.4) for each machine installed and merchant signed up—sometimes making up…
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