Business Wire

Alipay Aims to Help 10 Million European Merchants Reach Over 2 Billion Potential Consumers in Five Years With Innovative Technology

Share

Alipay, the world’s leading payment and lifestyle platform, today announced a new target to support 10 million small and medium enterprises in Europe over the next five years, through innovative technology that will empower these merchants to better serve and sell to over 2 billion potential consumers travelling to the region from around the world.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191114005332/en/

A Chinese tourist uses Alipay to pay for items at a store in Norway. (Photo: Business Wire)

A Chinese tourist uses Alipay to pay for items at a store in Norway. (Photo: Business Wire)

The strategy to support these merchants was unveiled today during the Alipay Partners Global Summit held in London. This includes an expanded collaboration with the largest European acquirer Worldline, as well as a new initiative to serve airport shops around the world through in-app mini programs.

“Our aim is to improve the way in which individuals and businesses buy, sell and receive payments, and to do this, we need to draw upon the strength of our partnerships,” said Eric Jing, Chairman and CEO of Ant Financial, operator of Alipay. “Our growth has only been possible due to the network of partners we have established, and working together, we will make it easier for anyone to do business anywhere.”

“Our innovative solutions will continue to help merchants in Europe better serve the growing numbers of tourists as well as e-commerce shoppers coming to the region from all over the world,” Eric said.

Alipay is China's most popular digital payment service, according to market researcher Statista, with 87 percent of survey respondents in the country aged between 18 and 69 reporting that they use Alipay for their digital financial needs. Alipay currently serves over 1.2 billion users together with local e-wallet partners in the Republic of Korea, Thailand, Malaysia, the Philippines, Indonesia, India, Bangladesh, and Pakistan.

Alipay is continually working with its partners around the world, leveraging technology to build a seamless ecosystem that allows merchants to better serve their customers, which will in return help boost their sales.

In a report published this year, Nielsen found that over 93% of Chinese tourists would be more willing to make purchases with their mobile phones and would even increase their spending if the option were available, while 60% of merchants surveyed that adopted Alipay reported growth in foot traffic and revenue.

Currently, Alipay collaborates with more than 120 financial institutions in Europe and is constantly adding more and more partnerships with travel service agencies and other types of third-party service providers. This will help merchants deliver enhanced experiences to their customers as they seize the growth opportunities in the global travel market.

More details on the new innovations unveiled today by Alipay:

  • The first is the expanded partnership with Worldline, an existing acquirer for Alipay that will work with Alipay’s e-wallet partners from Asia for the first time, allowing European merchants to accept payments from them through their Alipay-enabled points of sale. This multi-wallet acceptance means merchants across Europe will be able to drive increased footfall and spending from tourists from across Asia.
  • Additionally, Alipay has developed mini programs to enhance tourists’ experience at airports around the world, offering services such as convenient payments and personalized recommendations. Alipay Mini Programs officially launched in July 2018, opening up the service to independent programmers and enterprises to create interesting and useful “lite apps”.
    • How it works: The first airport mini program was launched by Hong Kong International Airport, allowing orders to be fulfilled as quickly as 90 minutes from ordering, so travellers can shop online and buy at their leisure, well before they reach the airport, and pick up their duty-free purchases as soon as they arrive.
    • Additional features: The tailor-made airport mini program provides a range of services including flight information, transfer and entry tips, and other practical features including an instant chat within the mini program. It is also embedded with Alipay’s scenario solutions such as online transportation reservation and scan to order dining, as well as reminders of estimated time through security and boarding notices just by inputting flight details. Users can also receive electronic coupons and membership benefits offered by Alipay, as well as one-stop information and optimised route recommendations in the airport, allowing them to enjoy the airport’s services with ease.

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s leading payment and lifestyle platform. Launched in 2004, Alipay serves over 1.2 billion users with its local e-wallets partners as of June 2019. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay’s in-store payment service covers over 50 markets across the world, and tax reimbursement via Alipay is supported in 35 markets. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies.

Contact information

Media Inquiries
Yang Xinyun
Ant Financial
+8613816896301
xinyun.yang@antfin.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Citi Private Bank Hails Fernando Alonso on His Impressive Maiden Dakar Rally20.1.2020 20:00:00 EETPress release

Citi Private Bank-sponsored motorsports legend, Fernando Alonso, has electrified his fans with his debut performance in one of the toughest motorsports-endurance events, the Dakar Rally. The multiple world champion finished fourth in the race’s final stage, and was the leading newcomer overall. This marked an impressive comeback from the difficulties he experienced earlier in the week, when his car suffered wheel and suspension damage, as well as a later double-roll crash. The annual Dakar Rally – now in its forty-second year – is an extreme off-road endurance race. This year’s edition consisted of twelve daily stages covering a total of 7,500 kilometers (4,600 miles). As well as a contest between some of the world’s top drivers, the Dakar Rally pits drivers against grueling terrains. In 2020, drivers faced the additional challenge of receiving information about the course on the mornings of certain legs of the race, rather than the day before. “Fernando’s tenacious performance in his

Keio Plaza Hotel Tokyo Hosts “Hina-Matsuri” Girls’ Doll Festival Art Exhibition20.1.2020 17:05:00 EETPress release

Keio Plaza Hotel Tokyo (KPH), one of Japan’s most prestigious international hotels located in Shinjuku, Tokyo, will host an event entitled “Hina-Matsuri Girls’ Doll Festival Art Exhibition” to help guests celebrate Japan’s cultural event known as Girls’ Doll Festival or Hina-Matsuri from February 1 to March 26, 2020. This highly popular event is held annually and displays some 6,800 magnificent and ornate hanging art ornaments made by hand from old silk cloth. These ornaments are carefully crafted for this exhibition and symbolically reflect the hopes for health and happiness of children. Also, peach flowers are featured as a theme for exhibition, concerts and workshops in this year’s event in keeping with the “Peach Festival” and the belief that peaches lead to longevity as they drive off evil spirits. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200120005118/en/ About 6,800 hanging ornaments, each one handmade from kimon

ResMed Introduces AirFit F30i, Its First Tube-up Full Face CPAP Mask20.1.2020 17:00:00 EETPress release

ResMed (NYSE: RMD) (ASX: RMD) today introduced AirFit F30i, its first tube-up full face CPAP mask, rounding out the most complete full face mask portfolio on the market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200120005042/en/ AirFit F30i tube-up full face mask, front view (Photo: Business Wire) Full face CPAP users can now choose between a tube-up or tube-down connection, compact under-the-nose or traditional over-the-nose cushion styles, and even memory foam versus silicone cushion. AirFit F30i’s tube-up design makes it easier to sleep in any position. The cushion rests under the nose to help prevent next-day red marks, soreness, and irritation on the nasal bridge. Plus, a quick-release elbow allows users to quickly disconnect and reattach the mask from its tubing at night without taking the mask off. Three out of four CPAP users prefer AirFit F30i to its competitor’s tube-up full face mask for overall performance i

xx network Announces Support of Early Backers of xx coin Sale20.1.2020 17:00:00 EETPress release

The xx network has announced support of crypto pioneers, including Chris Larsen, for the initial Cayman sale of the xx coin starting on January 23, 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200120005068/en/ xx network photo (Photo: Business Wire) The xx coin is a quantum secure digital currency designed to support and incentivize the decentralized ecosystem of the xx network, the revolutionary privacy-protecting blockchain led by David Chaum, founder of the Elixxir and Praxxis projects which underpin the xx network. Chris Larsen, a serial entrepreneur, co-founder of the Ripple Network and longtime advocate for consumer privacy, said, "David Chaum has been a defender of privacy in the digital world for almost forty years. I am proud to be an early backer and look forward to seeing this consumer-facing blockchain open the door to secure use by millions of individuals in their daily lives." Ownership and control of t

Wipro Positioned as a Leader in Networks - Software Defined Solutions and Services for UK and Nordics20.1.2020 16:56:00 EETPress release

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in ISG Provider Lens™: Network - Software Defined Solutions and Services quadrant report for Nordics and the U.K. The reports were authored by Avimanyu Basu. ISG recognized Wipro after evaluating the capabilities of 153 providers across seven quadrants: Managed WAN Services; Mobile Network (4G/5G) Additional (non-core) Services; SDN Transformation Services (Consulting and Implementation); SD-WAN Equipment and Services (DIY); SDN Security Services; SD Network Technologies (Core), and SD Network Technologies (Mobile to Edge). Wipro has been named a ‘Leader’ in Managed WAN Services, SDN Transformation Services (Consulting & Implementation), SDN security services, SD Network Technologies (Core) and SD Network Technologies (Mobile to Edge) quadrant in the ISG Provider Lens™: Network - Software D

Wipro Positioned as a Global Market Leader in Software Defined Network Solutions and Services by ISG20.1.2020 16:24:00 EETPress release

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has been positioned as a Leader in ISG Provider Lens™: Network - Software Defined Solutions and Services Global 2019 quadrant report authored by Kenn Walters. The ISG Provider Lens™ Network – Software Defined Solutions and Services Global 2019 quadrant report evaluates the capabilities of 153 providers across seven quadrants: Managed WAN Services; Mobile Network (4G/5G) Additional (non-core) Services; SDN Transformation Services (Consulting and Implementation); SD-WAN Equipment and Services (DIY); SDN Security Services; SD Network Technologies (Core), and SD Network Technologies (Mobile to Edge). It highlights that Wipro produces highly innovative solutions backed by expertise, toolsets, methods and processes, including Artificial Intelligence (AI) & Robotic process Automation (RPA), and is an important provider of advanc

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom