logo
Alipay Enables In-Store Payment Functionality in China for AR Glasses in Collaboration with Rokid to Build Immersive Commerce

Alipay Enables In-Store Payment Functionality in China for AR Glasses in Collaboration with Rokid to Build Immersive Commerce

Business Upturn7 hours ago

Hangzhou, China:
Over 250,000 units of Rokid Glasses have already been ordered, integrated with Alipay's digital payment technology for AR glasses.
The integration of payments into AR glasses supports a future of seamless, intuitive commerce—enabling instant, gesture-based transactions, immersive product discovery, and new ways for businesses to engage customers.
Rokid, a pioneer in augmented reality (AR), today launched Rokid Glasses, its latest AR device. In China, the product supports in-store payments facilitated by Alipay's digital payment technology and multidimensional risk control solution for AR glasses, providing a seamless and secure payment experience.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250617845457/en/
Rokid partners with Alipay to launch China's first AR glasses with in-store payment capabilities.
According to Rokid, the product will begin rolling out to users starting in June 2025, with over 250,000 units already ordered.
How Payment via AR Glasses Works: Users link their Alipay account via the Rokid app and enable voice verification. In stores, they say: 'Rokid, pay 10 RMB.' The glasses scan the merchant's Alipay QR code. Users confirm by voice, with payment details shown on the display.
Advantages of Payment via AR Glasses: Transactions complete in seconds vs. 20-30 seconds for phone-based QR payments. Hands-free operation—no need to handle a smartphone.
'Equipping Rokid Glasses with payment capabilities brings users a smoother and more intuitive experience, while also ushering the AI glasses industry into the era of payment. We believe this will set a new benchmark for the industry. Behind this innovation is close collaboration with Alipay on both payment and risk technologies. Looking ahead, we will continue to explore new experiences together,' said Zhu Mingming, Founder and CEO of Rokid.
'Rokid Glasses deliver a brand-new user experience. Alipay will fully support the growth of emerging industries and continue to create more value for users,' said Zhang Aijuan, Vice President of Ant Group and Rotating President of the Digital Payment Business Unit.
The integration of payment functions into AR glasses points to a future of more seamless and intuitive commerce. In the coming years, this technology could enable people to complete transactions simply by looking at or gesturing toward a product, removing friction from both physical and digital shopping.
It may support interactive product discovery—letting users access real-time information, virtual try-ons, or personalized recommendations—and make it possible to pay instantly without reaching for a phone or wallet. For businesses, this opens up new ways to engage customers through immersive experiences and location-specific offers.
Alipay continues to innovate payment technology as a merchant's gateway to customer engagement in borderless commerce. In 2024, Alipay Tap! was launched to allow users to make payments simply by tapping their unlocked phone against a merchant terminal or an Alipay Tap! Tag—no need to open an app, scan a code, or navigate through multiple screens. As of April 2025, Alipay Tap! had already attracted over 100 million users.
About Rokid
Rokid is a product-oriented platform company dedicated to human-computer interaction for over a decade. As pioneers of AR, Rokid devotes itself to the R&D of hardware and software products for AR headsets and ecological architecture. The magic of AR leaves nobody behind. Rokid has successively been rated as the 'High-tech Enterprise of Zhejiang Province' and 'National High-tech Enterprise,' and its related products have been rated as the best wearable devices. Rokid has won the Las Vegas CES Innovation Award for three consecutive years and the German IF Design Award five times.
About Alipay
As the world becomes increasingly digital, Alipay has evolved from a trusted e-wallet into an all-in-one digital platform for daily services, connecting more than one billion consumers to over 80 million merchants across China. Alipay offers users a secure, seamless mobile payment experience and integrates over 10,000 services across sectors like travel, healthcare, tourism, and entertainment. With digital tools like Alipay Tap!, mini-programs, lifestyle accounts, Alipay enables merchants, institutions, and independent software vendors (ISVs) to enhance operational efficiency and effectiveness. In addition, Alipay is developing a new AI-driven open platform by integrating AI agents to deliver smarter, more personalized services to its users as well as facilitating the digital transformation of the service sector.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250617845457/en/
Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
Ahmedabad Plane Crash

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Klarna CEO wants to turn the platform into a 'super app' with AI
Klarna CEO wants to turn the platform into a 'super app' with AI

CNBC

timean hour ago

  • CNBC

Klarna CEO wants to turn the platform into a 'super app' with AI

Klarna's CEO is so bullish about artificial intelligence that he sees it changing the way the fintech's 100 million users bank every day as he sets out to diversify the company's services. On Wednesday, Klarna — a pioneer of the popular "buy now, pay later" payment method — is announcing the launch of mobile phone plans in the U.S. via a partnership with telecom services startup Gigs. The plans come with unlimited data, calls and texts and will cost $40 a month. The new phone offering aligns with CEO Sebastian Siemiatkowski's vision to make Klarna more of an all-encompassing personalized financial "super app" that can offer services outside the realms of traditional finance. It isn't the company's first attempt. Previously, Klarna tried to make itself more akin to a "super app" — similar to Ant Group's Alipay and Tencent's WeChat Pay — offering additional services through multiple different buttons. This ended up being "confusing for the customer," Siemiatkowski told CNBC in an interview. But the Klarna boss stressed the part AI can play in Klarna's fresh attempt. "I think in this new AI world, there's a better opportunity to serve customers with different services and then adopt the kind of level of articulation and visualization of those services than there was historically," he said. "With AI, you can abstract and adopt the experience much more to the specific user you're dealing with," Siemiatkowski said in an interview. Super apps are popular in China and in other parts of Asia. They're meant to serve as a one-stop shop for all your mobile needs — for example, having taxi-hailing and food ordering in the same place as payment and messaging services. While super apps have flourished in Asia, adoption in Western markets has nonetheless been slower due to a number of reasons. Siemiatkowski says he's spending a lot of his time focusing on AI. "There's a tremendous opportunity for that — but it's just getting it to work," he said. "Everyone who has used it knows it can spit out some exciting stuff but then you need to make sure that it works every time." Going forward, Klarna's chief sees the platform becoming more of a "digital financial assistant" for users' every-day banking needs. "If we have some information that suggests that you are overpaying for your carrier subscription or your data or whatever, we can now offer you both a suggestion of a better price model, but also with a click, implement that and make it a reality," Siemiatkowski said. Acknowledging issues with Klarna's previous attempt to become a super app, Siemiatkowski says the technology just wasn't "mature" enough at the time. Klarna reported a $99 million loss for the quarter that ended in March, citing one-off costs relating to depreciation, share-based payments and restructuring. Still, Klarna has a perception problem to overcome. In the U.S., the firm has become synonymous with the "buy now, pay later" (BNPL) payment method, which allows consumers to pay off orders over monthly installments — typically interest-free. By contrast, in Europe, consumers recognize they can use Klarna to store their deposits and pay for things in one go as well as via a credit plan, Siemiatkowski noted. He also expressed frustration with "the kind of memes that we get in in the U.S. when it's like, 'Oh, Klarna launched with DoorDash ... it is a sign of the macroeconomic environment," referring to a tie-up the company announced with food delivery app DoorDash earlier this year that was met with backlash online. Siemiakowski said this kind of reaction wouldn't happen in the German or Nordic markets, where Klarna operates more like online payment system PayPal. He sees a future where Klarna works as a more all-encompassing financial ecosystem with add-on services such as features for investments in stocks and cryptocurrencies — which, he adds, is "not that far off." "Offering people the ability to invest in both stock and crypto is is what's becoming a kind of more standard part of a neobank offering," he said, while stressing he doesn't want to compete with popular U.S. stock trading app Robinhood. Klarna paused plans to go public in April, after U.S. President Donald Trump announced sweeping tariffs on dozens of countries. Siemiatkowski said that Klarna has already achieved what it set out to do in order to be ready for that milestone — namely, building up a brand in the U.S. "The U.S. is now our largest market by number of users. It's a profitable market for us," he said. "Those things have been accomplished." Whether the company does or doesn't go public, the business strategy for Klarna remains the same. "That is just a healthy way to drive liquidity for our shareholders, as well as give the company more ways to fund itself, if it would like to do so, and ... to show that this is a an established company," Siemiatkowski said.

Alipay Enables In-Store Payment Functionality in China for AR Glasses in Collaboration with Rokid to Build Immersive Commerce
Alipay Enables In-Store Payment Functionality in China for AR Glasses in Collaboration with Rokid to Build Immersive Commerce

Business Upturn

time7 hours ago

  • Business Upturn

Alipay Enables In-Store Payment Functionality in China for AR Glasses in Collaboration with Rokid to Build Immersive Commerce

Hangzhou, China: Over 250,000 units of Rokid Glasses have already been ordered, integrated with Alipay's digital payment technology for AR glasses. The integration of payments into AR glasses supports a future of seamless, intuitive commerce—enabling instant, gesture-based transactions, immersive product discovery, and new ways for businesses to engage customers. Rokid, a pioneer in augmented reality (AR), today launched Rokid Glasses, its latest AR device. In China, the product supports in-store payments facilitated by Alipay's digital payment technology and multidimensional risk control solution for AR glasses, providing a seamless and secure payment experience. This press release features multimedia. View the full release here: Rokid partners with Alipay to launch China's first AR glasses with in-store payment capabilities. According to Rokid, the product will begin rolling out to users starting in June 2025, with over 250,000 units already ordered. How Payment via AR Glasses Works: Users link their Alipay account via the Rokid app and enable voice verification. In stores, they say: 'Rokid, pay 10 RMB.' The glasses scan the merchant's Alipay QR code. Users confirm by voice, with payment details shown on the display. Advantages of Payment via AR Glasses: Transactions complete in seconds vs. 20-30 seconds for phone-based QR payments. Hands-free operation—no need to handle a smartphone. 'Equipping Rokid Glasses with payment capabilities brings users a smoother and more intuitive experience, while also ushering the AI glasses industry into the era of payment. We believe this will set a new benchmark for the industry. Behind this innovation is close collaboration with Alipay on both payment and risk technologies. Looking ahead, we will continue to explore new experiences together,' said Zhu Mingming, Founder and CEO of Rokid. 'Rokid Glasses deliver a brand-new user experience. Alipay will fully support the growth of emerging industries and continue to create more value for users,' said Zhang Aijuan, Vice President of Ant Group and Rotating President of the Digital Payment Business Unit. The integration of payment functions into AR glasses points to a future of more seamless and intuitive commerce. In the coming years, this technology could enable people to complete transactions simply by looking at or gesturing toward a product, removing friction from both physical and digital shopping. It may support interactive product discovery—letting users access real-time information, virtual try-ons, or personalized recommendations—and make it possible to pay instantly without reaching for a phone or wallet. For businesses, this opens up new ways to engage customers through immersive experiences and location-specific offers. Alipay continues to innovate payment technology as a merchant's gateway to customer engagement in borderless commerce. In 2024, Alipay Tap! was launched to allow users to make payments simply by tapping their unlocked phone against a merchant terminal or an Alipay Tap! Tag—no need to open an app, scan a code, or navigate through multiple screens. As of April 2025, Alipay Tap! had already attracted over 100 million users. About Rokid Rokid is a product-oriented platform company dedicated to human-computer interaction for over a decade. As pioneers of AR, Rokid devotes itself to the R&D of hardware and software products for AR headsets and ecological architecture. The magic of AR leaves nobody behind. Rokid has successively been rated as the 'High-tech Enterprise of Zhejiang Province' and 'National High-tech Enterprise,' and its related products have been rated as the best wearable devices. Rokid has won the Las Vegas CES Innovation Award for three consecutive years and the German IF Design Award five times. About Alipay As the world becomes increasingly digital, Alipay has evolved from a trusted e-wallet into an all-in-one digital platform for daily services, connecting more than one billion consumers to over 80 million merchants across China. Alipay offers users a secure, seamless mobile payment experience and integrates over 10,000 services across sectors like travel, healthcare, tourism, and entertainment. With digital tools like Alipay Tap!, mini-programs, lifestyle accounts, Alipay enables merchants, institutions, and independent software vendors (ISVs) to enhance operational efficiency and effectiveness. In addition, Alipay is developing a new AI-driven open platform by integrating AI agents to deliver smarter, more personalized services to its users as well as facilitating the digital transformation of the service sector. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash

Amazon and Walmart (WMT) May Launch Their Own Stablecoins
Amazon and Walmart (WMT) May Launch Their Own Stablecoins

Business Insider

time10 hours ago

  • Business Insider

Amazon and Walmart (WMT) May Launch Their Own Stablecoins

Amazon (AMZN), Walmart (WMT), and Ant Group (BABA) are looking into launching their own stablecoins, which are digital currencies tied to traditional currencies like the U.S. dollar. According to The Wall Street Journal, retail giants Amazon and Walmart have been holding internal discussions about creating their own coins. Indeed, Amazon has been exploring blockchain since at least 2021, while Walmart first filed a patent in 2019 to develop a dollar-pegged coin aimed at unbanked customers. Ant Group, the fintech arm of Alibaba, appears to be further ahead, with Reuters reporting that its Singapore-based subsidiary is preparing to apply for stablecoin licenses in Hong Kong, Singapore, and Luxembourg. Confident Investing Starts Here: The motivation behind this push is largely financial. In fact, credit card transactions typically cost merchants 2–3% in fees. For companies like Amazon, which did over $447 billion in e-commerce revenue in 2024, that could amount to $9–$13 billion annually. Using a proprietary stablecoin instead could significantly reduce those fees. Stablecoins also simplify international payments by eliminating costly wire transfers and currency conversions. Additionally, companies that issue stablecoins typically hold reserve assets, such as government bonds, which can generate hundreds of millions of dollars in annual interest. Interestingly, industry experts told that companies like Amazon, Walmart, and Ant Group are likely further along than the public realizes, as they already control digital wallets and ecosystems large enough to support their own currencies. Still, challenges like refund systems, fraud controls, and regulatory compliance remain. Experts also noted that widespread adoption will depend on making stablecoins easy and intuitive to use. Which Stock Is the Better Buy? Turning to Wall Street, out of the stocks mentioned above, analysts think that BABA stock has the most room to run. In fact, BABA's average price target of $166 per share implies more than 44% upside potential. On the other hand, analysts expect the least from of $241.64 equates to a gain of 12.3%.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store