Matt and John start with Alipay's recent "smile to pay" demo and end with a discussion on why WeChat went into payments in the first place. Along the way, they talk about:

- Alipay and WeChat's money market funds

- WeChat's new money market fund feature

- The dangers and benefits of ubiquitous facial recognition

-The role WeChat and Alipay are playing in reshaping retail banking in China

-Whether Alipay can ever become a platform like WeChat