Alipay, which has more than 300 million users in China, said it is working on other biometric technologies, which can make it possible for people to confirm payments for a wide variety of goods and services by winking or simply by showing their faces in the near future. The fingerprint payment feature is the first real progress between Alibaba and Apple after both of their leaders publicly discussed the possibility of combining the Alipay and Apple Pay services.
According to Alipay's consumer spending report, online shoppers in Guangdong, Zhejiang and Jiangsu provinces, Shanghai and Beijing combined have accounted for more than 55 percent of total China-based Alipay payments over the past decade. The number of payments that have been settled by Chinese people through the Alipay platform since its inception in December 2004 is about 42.3 billion, it said.
E-commerce not only offers rural residents convenient access to goods, but is also an important tool to gauge the current market prices.The rural market has traditionally been dominated by dealers of some brands and retailers with limited stocks.
