Alibaba chairman Jack Ma to speak at e-payment forum in Hanoi
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Now in its third year, the forum is the country’s biggest e-payment event. World famous billionaire and Alibaba chairman Jack Ma is expected to visit Hanoi next month to attend a forum on e-payment services.
Now in its third year, the annual Vietnam E-Payment Forum, provides an opportunity for the government, experts and businesses to sit down together and discuss the latest trends in e-payment services and the best ways to apply them in Vietnam.
This year, mobile payment will be in the spotlight.
As a speaker at the event, Jack Ma, founder and executive chairman of Chinese e-commerce giant Alibaba, will talk about his experiences of developing e-commerce and mobile payment services in China.
According to iResearch, the leading provider of online audience measurement and consumer insights in China, the mobile payment market was valued at $5.5 trillion last year in China, nearly 50 times greater than that of the U.S., and Ant Financial Service, a subsidiary of Alibaba, contributed a lion’s share of 54 percent.E-payment has gradually replaced cash in Vietnam’s northern neighbor, and these days, most Chinese people pay for products and services using their smartphones.
Questions & Answers
Q.What is the primary focus of this year's Vietnam E-Payment Forum?
What is the primary focus of this year's Vietnam E-Payment Forum?
This year, the forum will place a special emphasis on mobile payment. It provides a platform for the government, experts, and businesses to discuss the latest trends and best application methods for e-payment services in Vietnam.
Q.What role will Jack Ma play at the e-payment forum in Hanoi?
What role will Jack Ma play at the e-payment forum in Hanoi?
As a speaker, Jack Ma, founder and executive chairman of Alibaba, will share his experiences developing e-commerce and mobile payment services. This will draw on China's significant growth in these areas.
Q.How large was the mobile payment market in China last year compared to the U.S. Market?
How large was the mobile payment market in China last year compared to the U.S. Market?
Last year, the mobile payment market in China was valued at $5.5 trillion, according to iResearch. This figure was nearly 50 times greater than the size of the U.S. Mobile payment market.
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