Company
Alipay
TL;DR
Chinese digital payment platform that bypasses traditional card networks entirely, representing a disruptive threat to the Visa-Mastercard duopoly.
Chinese digital payment platform that bypasses traditional card networks entirely, representing a disruptive threat to the Visa-Mastercard duopoly. Alipay demonstrates how external entrants leveraging new technology can threaten stable equilibria by not playing by established rules.