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Alibaba introduces virtual reality payment system (BABA)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Alibaba Group introduced VR Pay, its virtual-reality payment system that allows virtual reality shoppers to pay for items just by nodding, according to Reuters. This payment system will be incorporated to virtual online marketplaces, which will simulate the experience of shopping in a physical store by using a VR device, such as helmets or glasses, at home.
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