Alibaba’s financial and payment affiliate Ant Financial rolled out a new version of its Alipay app for iOS and Android in what the company called—the most revolutionary update in the past 12 years. In addition to a shift from orange to blue color scheme for the new logo, the app will combine two former independent brands “Alipay” and “Alipay Wallet” into one. The new update touches more aspects of consumers’ daily lives and some of the new features are as follows:1. Local services will be available via Koubei, a recently launched joint venture between Alibaba Group and Ant Financial aimed at making local services more accessible through O2O (online-to-offline) e-commerce. Started as an online payment and escrow service, Alipay has now grown into one-stop financial solution for users in the decade-long development.