Alipay

Stripe and Klarna have transformed payments in the west, but fintech providers like PayU, M-Pesa and PhonePE can help drive e-commerce in rapidly growing emerging markets.

From border re-openings to the repatriation of spending, several factors will shape how and where Chinese customers buy luxury goods in the coming years.

"Alipay’s event is growing quickly. This year, more than 110 million consumers participated in its 12.12 event, up from around just more than 28

Alipay is targeting the fast growing Chinese tourism market, which numbered 117 million travellers in 2014, according to the United Nations World Tourism Organisation, and is forecast to double by 2020.

Sources with knowledge of the plans said Ant Financial, whose anchor business is Alipay, is focusing on expanding its existing 450 million-strong army of daily users, adding merchants and customers.