Daxue Talks 51: How do China’s third party payment platforms work?

April 1, 2020
Entrepreneurs in China, Finance for Startups, Finance in China, financial sector in China, financial technology, Startup scene in China

China’s payment platforms

In this episode, Stephen Hopkins discusses China’s third-party payment platforms. China’s third-party payment fees are much lower than the west, this made us wonder how WeChat and Alipay work. Hopkins explains the technical side of these platforms in comparison to PayPal.

Jump to the question:

1:10 How is Alipay and WeChat pay different from Paypal and why are third-party payment fees so much lower in China than in the west?

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Daxue Talks is a show powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China.

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