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"Culturally, it's very difficult on their own to understand the payment preferences of every country," Tubb said. "In order to develop the overseas markets, they need partners with global experience to understand consumer behavior. And this is not restricted to just payment methods but many other areas, such as checkout experiences."

"Compared with the world's largest spender on military affairs, the money China used for national defense in 2019 was only one quarter of that country's expenditure," he said."When it comes to per capita terms, ours was one 17th of theirs."

"Cultural exchange is really strong and also in China the people are very curious and are open to trying new things," she said.

"Co-launched by China Foundation for Poverty Alleviation and Alibaba Philanthropy, the package is a public welfare activity without fiscal support," Su said.

"Companies always deal with large uncertainty. So, top executives should be agile to make decisions based on different facts, have people following them with good communications skills and be able to move ahead without having all the information."