A Chinese-style payment network to challenge Visa and Mastercard is taking shape in Europe

qz.com

Let the QR code consolidation begin. Last week Alipay announced a partnership in Europe that brings together 6 mobile wallets in Europe on top of a single QR code standard (Alipay's...) that will enable users of any of the wallets to make mobile payments at merchants across Europe that already accept payments for the other wallets. Oh, and more importantly, Chinese tourists can pay with Alipay at any of those 190,000 (and counting) merchants as well. Smart moves on everyone's part.

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