Chinese tourists and business travellers taking taxis in Australia will soon be able to pay their fare with Alipay, following a partnership between the payment platform’s operator Ant Financial Services and Cabcharge Australia.
While it’s not clear yet which of the many mobile payment systems currently available today will be around for the long haul, there’s no doubt that paying for goods and services with your phone will quickly replace traditional credit cards and cash.
As more and more smartphone and tablet users shop via their mobile devices, being able to accept mobile payments is becoming a more important element of ecommerce. But does it make sense for your business? Mobile payment service providers Square, PayAnywhere, PayPal and Bank of America discuss fees, security and which types of business would benefit the most.