Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Alibaba Group Holding Ltd (BABA) To Unveis ‘Smile To Pay’ In China

Payment providers are in constant search of ways of making mobile payments safer and secure by the use of unique authentication techniques of which Alibaba Group Holding Ltd (NYSE:BABA) believes it might have made a breakthrough. The e-commerce giant is taking the concept of dining on your face to a new level according to CNBC, as users on its payment platforms will soon be able to scan their face with a smartphone when paying for goods.

Alibaba, Snapchat, Gil Luria, is BABA a good stock to buy, electronic commerce, social commerce, price target, rating, Wedbush,

CEO, Jack Ma, showed off the new service, ‘Smile to pay’ that is currently in beta mode, during a keynote speech at the CeBIT Tech trade fair. The service is being developed by Alibaba Group Holding Ltd (NYSE:BABA)’s affiliate Ant Financial, for use with Alipay online payment service as well as Alipay Wallet. During the event, Ma pulled out his phone scanned his face with the front camera just to show how the new service will work upon completion.

Alibaba Group Holding Ltd (NYSE:BABA) new payment service will be unique in its own right considering Apple Inc. (NASDAQ:AAPL)‘s Apple pay uses the fingerprint scanner for authentication while other device makers rely on eye scanning verification systems. Getting it right in terms of security of customer’s information is of utmost importance for providers in developing the next secure and reliable payment system.

The annual transaction value of online mobile payments according to estimates is poised to hit record highs of $4.7 trillion by 2019, up from $2.5 trillion last year. Alibaba Group Holding Ltd (NYSE:BABA) is looking to set the pace in the mobile payment systems as future battles in e-commerce are poised to be fought on this front. The company is reported to be developing other techniques as the race for the next reliable payment system heats up.

One of the systems that Alibaba Group Holding Ltd (NYSE:BABA) is developing will allow users to confirm their transactions by speaking out a trigger phrase. Another solution called Trigger ‘Kong Fu’ will let consumers verify a payment by scanning something like a tattoo or even a pet.

Alibaba Group Holding Ltd (NYSE:BABA) plans to launch ‘Smile to Pay’ first in China where it has a huge presence, although it has not yet set a specific date for the big launch.

I jsut made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!