In China, you pay with cash or Alipay

In China, you pay with cash or Alipay: "App name: Alipay (Zhifubao) What it is: Almost-universal Paypal Owned by: Alibaba Group and its founder Jack Ma What it does: Allows you to pay for anything, anywhere. Special sauce: No transaction fees and an escrow service to verify goods before you pay"

This escrow "business" is the future of ecommerce.