Alipay Starts Beta of "Virtual Wallet" Mobile Payment App
Sina Tech, 12/11/12
Chinese third-party payment processor Alipay has started open beta testing on its new mobile "virtual wallet" (Kabao) app, and plans to launch an official version by January of next year.
Editor's Note: For more background on this topic, please see "Update: Rumor: Alipay Develops "Virtual Wallet" Mobile Payment App" MD 12/04/12 issue.
Keywords: mobile wallet wireless Alipay mobile payment third-party payment Kabao