When we see this issue from a larger picture, we may conclude that Alibaba and Tencent have already chosen the right direction in the Chinese mobile payment market and took the lead, at least temporarily, compared with NFC payment’s representative, Apple Pay. In the future, the competition between QR code scanning payment and NFC payment will only become fiercer. While NFC payment players will catch up, Alipay and TenPay won't await their doom. For consumers, however, we should be aware and protect well our own wallets.

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　　[The article is published and edited with authorization from the author @Dongdongbiji, please note source and hyperlink when reproduce.]

　　Translated by Levin Feng (Senior Translator at PAGE TO PAGE), working for TMTpost.