News stories featuring Alipay:
December 6th, 2016
Another 930,000 European merchants will soon accept Alipay mobile payments at the point of sale, following partnerships between the company and some of Europe’s largest financial institutions and payment service providers. The Ant Financial-owned firm…
November 23rd, 2016
Retail giant Muji is to accept Alipay mobile payments in nearly 200 stores in mainland China. “At the same time, the two parties will connect their membership systems,” China Tech News reports. “Once consumers complete payments with Alipay in Muji stores, they can gain Muji’s membership card and realise automatic points accumulation.”
November 15th, 2016
More than one billion online and offline transactions were made through Alipay at this year’s Singles’ Day Shopping Gala, an increase of 48% from 2015, with the peak number of transactions standing at 120,000 in a single second. Gross merchandise volume (GMV) through the mobile payments platform was US$14.6bn, about 82% of total GMV, compared to 69% last year “Peak transactions enabled with banks around the world were 54,000 transactions per second, two times last year’s peak,” Alipay parent company Ant Financial says.
November 9th, 2016
French department store Printemps has partnered with financial services company Wirecard to accept mobile payments from customers using Alipay, the first in France to support the Chinese-based payments solution. Printemps aims to target Chinese tourists…
November 4th, 2016
Alipay parent company Ant Financial is investing an undisclosed sum into Thai online payment provider Ascend Money. “Together with Ant Financial, Ascend Money will grow its online and offline payment and financial services ecosystem and strengthen its trusted and convenient payment services for users and merchants,” Ant Financial says. Reports that Ant Financial was seeking to buy a 20% in Ascend Money emerged in June 2016. The company made a similar investment in Indian mobile payment platform Paytm in September 2015.
October 31st, 2016
Alipay has signed a memorandum of understanding (MOU) with Commonwealth Bank of Australia to enable in-store and online payments for Chinese tourists in Australia. “The two companies will work together to make it easier for Australian consumers to pay for purchases made through Alibaba Group’s ecommerce websites,” the bank says. “Commonwealth Bank and Alipay will also work together on a simple payment solution that allows Chinese tourists and Chinese students to use Alipay in-store,” enabling Alipay as a payment option through the bank’s Albert smart payment terminals.
October 25th, 2016
Chinese mobile payments giant Alipay is targeting 2bn users globally in the next decade, the company’s Douglas Feagin has revealed at Money20/20 in Las Vegas. “Our goal is to expand our business from 450m users in China to over 2bn worldwide over the next decade,” Feagin says. “We want to achieve over one million merchants outside of China over the next several years.” Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone. A similar deal with First Data has also been unveiled, allowing Chinese consumers to shop at select locations in California and New York from next month.
October 24th, 2016
Chinese mobile payments giant Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone. The move will see the Alipay App available on Verifone e355 mobile point-of-sale terminals so that retailers equipped with the mPOS device can accept mobile payments from Chinese Alipay users. “The goal is to enable our customers to walk into a store while traveling abroad and pay for purchases with the Alipay App — just like they do here in China,” says Douglas Feagin, SVP of Ant Financial Services Group and Head of Alipay International.
October 13th, 2016
Alibaba affiliate and Alipay parent company Ant Financial is readying a virtual reality (VR) payment experience that will allow shoppers to pay with a nod of the head. “People using virtual reality goggles to browse virtual reality shopping malls will be able to pay for purchases without taking off the goggles,” Reuters reports. “User identity can be verified on VR Pay via account logins on connected devices or via voice print technology.” VR Pay is expected to be ready for commercial launch by the end of the year. Reports that Alibaba was exploring VR mobile payments emerged in August 2016.
October 13th, 2016
Chinese visitors to the UK can now use Alipay at any retailer accepting mobile payments platform Zapper. “This partnership will allow over 250,000 Chinese tourists in the UK to pay using the Alipay app in over 1,000 locations nationwide,” Zapper says. “With Zapper’s smart QR technology enabled to take payments from the Alipay app, 11.7m Chinese tourists visiting Europe each year will be able to conveniently pay using Alipay at any venue also accepting Zapper.”
September 14th, 2016
Alipay parent company Ant Financial has acquired biometric provider EyeVerify. “Earlier this year, Ant Financial and EyeVerify entered into a licensing agreement in which Eyeprint ID was integrated into Ant Financial’s payment authentication platform,” Ant Financial says. The acquisition will allow the company’s Eyeprint ID technology to be integrated into more Ant Financial products and “secure hundreds of millions of consumers’ online data and transactions”. Eyeprint ID works by capturing an image of an eye and matching the unique vein pattern to verify identity. The acquisition cost $100m, Fortune reports.
September 2nd, 2016
German technology provider Wirecard has launched an app allowing European retailers to accept Alipay QR code mobile payments from Chinese tourists. “Retailers will soon be able to download the Scan Alipay iOS app from the app store,” Wirecard says. “An Android version will follow in the course of this year. The app will be taken up predominantly by catering establishments and clothing retailers.” Wirecard began rolling out support for Alipay mobile payments across Europe in December 2015. In June 2016 it was reported that Alipay is in talks to negotiate a 25% stake in Wirecard.
August 11th, 2016
Alipay customers will soon be able to make mobile payments at Ingenico point of sale terminals across Europe, according to the Wall Street Journal. “While no investment will occur, a person familiar with the offline collaboration said Ingenico will receive service charges from Alipay and expects to see transaction volume grow,” the publication reports. Alipay announced its plans to enter Europe back in April.
June 27th, 2016
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals. “For those who shop using their mobile device, they do so more frequently — and with lower transaction values — than non-millennials,” the research firm says. “More than a third of respondents prefer alternative payments (e.g. PayPal, Alipay) for mobile-initiated purchases.”
June 27th, 2016
Alipay is in negotiations to take a 25% stake in German payments technology provider Wirecard, according to German newspaper Bild. “At the talks, it comes to a share of up to 25%,” the publication reports. “Later, it could well be more.” Wirecard began rolling out support for Alipay mobile payments across Europe in December 2015 and worked with Alipay to add support for the service across Munich Airport earlier this month.
June 13th, 2016
Chinese passengers at Munich Airport will be able to make payments at participating retailers using Alipay from mid-July through a partnership between German payments technology provider Wirecard and airport stores retailer Eurotrade. “Wirecard has integrated Alipay barcode payment into Eurotrade’s central till system,” Wirecard says. “The Alipay mobile payment by barcode will be possible in all 69 Eurotrade shops, at around 160 tills in total, both in the public area and the transfer zones.” Wirecard began rolling out support for Alipay mobile payments across Europe in December 2015.
May 20th, 2016
Alipay users across China will now be able to make in store payments by scanning QR codes through the mobile payment platform using Samsung Pay, as a result of a partnership between Samsung and Alipay…
April 5th, 2016
Chinese mobile payments platform Alipay, which has 450 million active users, is to be made available in Europe this summer, enabling Chinese shoppers to make payments in stores, receive offers and view nearby shops and restaurants that accept the mobile payments service.
January 27th, 2016
More than a third (34%) of browser-based online transactions globally are now made on a mobile device, compared to just over 30% last quarter, research from Adyen reveals. “The increase is driven particularly by major Asian-based payment methods including JCB, UnionPay and Alipay,” the firm says. “The UK continues to lead the way in mobile payment adoption, with 49% of online transactions on mobile devices.”
January 25th, 2016
Nearly two thirds (65%) of online payments in China were made through Alipay last year, findings published by the mobile payments provider and reported by ECNS reveal. “The percentage represents a big jump compared with 49.3% of the total transactions done by the same mode in 2014,” the publication says. “The Tibet autonomous region leads the country in mobile payment with 83.3% of the online payment transactions in the region made with mobile devices in 2015.”
Feed for stories featuring Alipay.
• Find a list of all the companies and other organisations that have been featured in NFC World in our directory.