News from our correspondent (Li Bing) Recently, the People's Bank of China announced the "2023 Financial Science and Technology Development Award Winning Project", in which Alipay won the award for "improving payment convenience", which is the third consecutive year that Alipay has won the award. It is reported that the "Financial Science and Technology Development Award" is one of the most authoritative financial science and technology awards in China. It was established by the People's Bank of China in 1992 and jointly held by the People's Bank of China and the Securities Regulatory Commission. It focuses on the selection of domestic outstanding scientific and technological innovation achievements, covering information technology innovation applications, data governance and applications, financial information infrastructure security protection and other aspects.
Specifically, Alipay has launched aging friendly products and solutions for rare characters by upgrading registration, login, authentication, multilingual versions and other functions, which greatly reduces the threshold for specific groups to use Alipay; Through the two sets of international payment solutions of "external card internal binding" and "outsourcing internal use", the inbound people can use Alipay to travel freely in China; By creating accessible payment solutions such as voiceprint payment and identity verification, we provide users with a minimalist payment experience while also safeguarding financial grade security. According to the data, in the first half of 2024, the consumption amount of inbound tourists using Alipay increased 8 times year-on-year.
Han Xinyi, president of Ant Group, said: "Ant Group has been committed to narrowing the digital divide for the past 20 years. Twenty years ago, Alipay was founded, and the QR code made mobile payment a daily life for everyone. Now, whether in remote ethnic minority areas or the elderly, people can enjoy the convenience of digital payment."