Alibaba chairman Jack Ma to speak at e-payment forum in Hanoi

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.

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