Open source technology is a key driver in Asia's e-commerce growth. Several small startups have brought innovative solutions allowing small companies to be agile and become digitally smart by embracing technologies that are simple but resilient. The access to technology without major investment in large platforms has allowed smaller startups to bridge the digital divide and gain the attention of customers. In this regard the example of Alibaba is a textbook case of being a technology enabler. The story of Jack Ma's rise has been told countless times. However, it is his vision of helping SMEs (small and medium enterprises) as the key to facilitate more trade across Earth that is the untold story.
To that extent Alipay along with Union Pay and Payment Asia is driving payment solutions in Asia and South East Asia. Next stop is the West. The lesson he has passed on to other payment solution providers is to be in love with government but not to get into bed with them (meaning marry them). Paymentasia has taken this philosophy into practice as they are experimenting with cryptocurrency (such as Bitcoin) as a legitimate way of payment. Not many governments understand cryptocurrency. Singapore has just passed legislation and established a council to better understand the dynamic. Paymentasia review has welcomed this step from the gaming community. Other Payment Asia reviews have expressed their support for this proactive step of introducing Bitcoin transactions.
This example is akin to Jack Ma helping the Chinese government solving the perennial ticket vending system problems of China's annual spring festival. Jack Ma and his team at Alibaba did not charge the Chinese Government any cost for the services. Their payment was zero supervision by the Chinese government. The word supervision is used to denote "not looking over their shoulders".
Related Source: https://paymentasiareviewshonkong.wordpress.com/2016/11/25/how-jack-ma-is-inspiring-payment-solution-business-2/
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