Oh, look, you can buy credit card numbers on the internet, scan them into ApplePay, and go on a spending spree with your phone. Whee!
Just another walled garden. A huge, successful, powerful walled garden...just like AOL was. Just another extra middleman workaround. Next battle is Alibaba versus Amazon, gee who do I think can give better prices, the middleman or the guy who actually manufactured the thing? It's about the end points.
AliPay is non-repudiable. They got refused a banking license in China however, a big political deal. China Mobile is putting RMB on a SIM card with global roaming. This stuff it gettin' real