Former AliPay UK CEO Rita Liu on how regulators are boosting crypto literacy

Former AliPay UK CEO Rita Liu on how regulators are boosting crypto literacy

Finextra sat down with Mode’s chief commercial officer Rita Liu – also former CEO of AliPay UK, to discuss Mode’s recent partnership with trade association CryptoUK, and how market players and regulators are boosting adoption and education around crypto.

October 2021 saw the fintech launch its open banking-powered QR payments service on The Hut Group’s (THG) tech platform, THG Ingenuity. The platform’s use of Mode will see QR codes as a key mode of payment for users of the group’s 30+ digital commerce merchants.

Making digital wallets de rigueur in the UK




Liu explains that she joined Mode because she shares the same vision as its founder, Jonathan Rowland, in his belief that the UK fintech scene needs a wallet ecosystem that disrupts legacy systems.




Emerging technologies such as open banking reinforce the opportunity for this. “In simple terms, we’re building a digital wallet powered by open banking. We're facilitating account to account payment between merchants and users.”




Mode’s wallet technology is built on QR