Ant Financial moves to make cities smarter

By Ding Yining | December 27, 2016, Tuesday |

Online Edition

ALIBABA Group’s financial and payment services affiliate Ant Financial seeks to utilize its mobile payment and credit rating system to contribute to the smart city initiative, company executives told the China New Smart Cities Summit today.

Liu Xiaojie, general manager of Ant Financial’s public services department, said Alipay hopes not only to serve as an online portal for public services, but also share its payment, data and credit rating capability.

Next year it hopes to introduce more service providers and to open up more service sectors to them, Liu told an interview during the summit.

Currently a total of 57 kinds of public service items in Shanghai are available through Alipay’s platform and nationwide its public service covers 352 cities in 25 provinces and municipalities.

It aims to introduce more third party service providers to strengthen city services, public utility bills payment, parking and medical services.

The State Council officially put forward the Internet Plus initiative last year and the specifics about setting up of smart cities was also included in the 13th Five Year Plan.

Vice director Qin Hai at the information development office at the Cyberspace Administration said that different service models and innovative smart city working plans would continue to emerge along with the urbanization and economic development.

Internet companies have been promoting public services as they seeks to connect consumers not only with online services but also public facility and social infrastructure to increase usage and user interaction.

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Ant Financial moves to make cities smarter

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