BANGKOK/SINGAPORE/SHANGHAI -- The Southeast Asian market for mobile payment services is undergoing an upheaval, with Chinese e-commerce giant Alibaba Group Holding at the center of the tumult.
The group is backing Thai conglomerate Charoen Pokphand's TrueMoney payment service, which will expand to subway trains in Bangkok by the end of this year. Passengers will be able to pay fares and shop at station kiosks by scanning a QR code on their smartphone screen.
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