July 24, 2017
Alipay’s Cashless Cities Week is a week away, but this seven-day campaign only scratches the surface of the impact digital payments have on the lives of Chinese consumers. Digital payments particularly affect those consumers move commerce outside of China to the U.S. and other foreign countries, Souheil Badran, Alipay’s president of North America, told Karen Webster. The real purpose of the Cashless Cities program? To put a digital face to the sea of change that marks the Chinese consumer’s buying behavior — one that’s also worth tens of billions of dollars from the millions of Chinese tourists who flock to cities all over the world to work, shop and vacation.
