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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