20: Alipay vs WeChat and why smile to pay matters

<p>Matt and John start with Alipay's recent &quot;smile to pay&quot; demo and end with a discussion on why WeChat went into payments in the first place. Along the way, they talk about:</p> <ul> <li>Alipay and WeChat's money market funds</li> <li>WeChat's new money market fund feature</li> <li>The dangers and benefits of ubiquitous facial recognition<br /> -The role WeChat and Alipay are playing in reshaping retail banking in China<br /> -Whether Alipay can ever become a platform like WeChat</li> </ul>