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Alipay Partners with Yintai to leverage offline Payments Market in China

According to estimates by McKinsey, Internet retail sales in China are expected to reach $395 Bn in 2015 three times the total in 2011. The Chinese internet giant, Alibaba announced on 16th November 2013 that it is entering into a partnership with Yintai, a big Chinese retailer to enable NFC paym ...

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