As the world moves towards a cashless society, mobile payments are revolutionizing the travel experience, with Asia at the forefront of this transformation.
With global travel rebounding in 2024, the demand for seamless, cashless transactions has surged. Ant International’s Alipay+, a cross-border mobile payment and digitalization service, has reported a threefold increase in transaction volumes this year.
In a recent interview with Skift, Douglas Feagin, president of Ant International, discussed the driving factors behind this shift and its implications for the future of travel.
The pandemic has significantly altered consumer payment habits. As the use of cash has declined, mobile wallets and QR code payments have gained popularity, particularly in Asia. Launched in 2020, Alipay+ capitalized on this trend by enabling travelers to utilize local payment apps while abroad.
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