Mobile payment systems, like Alipay and WeChat are just that – apps that allow you to pay digitally from your mobile phone or use them as an online payment method. They essentially create a virtual wallet by linking your banking cards to the app, eliminating the need for physical debit cards, credit cards, and even cash. Alipay and WeChat are quite diverse, as you can pay by having your QR code (which is linked to the account) scanned, you can scan a vendor’s QR code and send them the appropriate amount, or you can send funds from one account to another manually.
