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Business Chief USA February 2019

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45<br />

mobile phones first came out, you<br />

could only ring other people on the<br />

same network – this only lasted about<br />

six months. In the early days, everyone<br />

comes out with their version but at the<br />

end of the day, the agnostic approach<br />

is going to be a winner.”<br />

In China, fast becoming the home of<br />

cashless payments, Nuggets has<br />

entered into a partnership with mobile<br />

payment technology, service and<br />

solution provider QFPay, which is used<br />

by epayment giants Alipay and WeChat<br />

Pay, serving over one million merchants<br />

across Asia. This partnership will mean<br />

Alipay and WeChat Pay users can use<br />

a digital ID to make payments as<br />

opposed to attaching these to a bank<br />

card. “You can’t compete against<br />

WeChat Pay and AliPay but you can<br />

add value to them,” says Johnson.<br />

“Currently you’re going back to plastic<br />

to enable them – you’re basically<br />

rerouting to the old system. The potential<br />

is that you have your login and maybe<br />

your profile data within your own realm<br />

www.businesschief.com

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