Thursday 27 October 2016 | RSS



    News stories featuring Alipay:

    Alipay targets 2bn global users

    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.

    Alipay gains acceptance in US and Europe

    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.

    Ant Financial readying VR payments

    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.

    Zapper enables Alipay in the UK

    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.”

    Ant Financial acquires EyeVerify

    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.

    Wirecard eases Alipay acceptance in Europe

    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.

    Ingenico to support Alipay in Europe

    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.

    ACI reports on mobile payments usage by Indian millennials

    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.”

    Alipay negotiating for stake in Wirecard

    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.

    Munich Airport to support Alipay

    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.

    Alipay users in China can now make payments through Samsung Pay

    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… More

    Alipay to expand to Europe this summer

    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. More

    A third of online transactions now made on mobile

    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.”

    Alipay reports 65% share of China’s online payments market

    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.”

    Alipay parent seeks $1.5bn investment

    January 7th, 2016

    Alibaba affiliate Ant Financial, owner of mobile payment platform Alipay, is seeking an investment of at least 10bn yuan (US$1.5bn) ahead of a planned initial public offering, Bloomberg reports. “Ant Financial may use money from the current fundraising for acquisitions,” the publication says. Ant Financial made a strategic investment in Indian mobile payment platform Paytm in September 2015 after closing a Series A financing round that valued Ant Financial at more than US$45bn.

    Alipay expands across Europe with Wirecard

    December 14th, 2015

    Chinese consumers can now make purchases using QR code-based mobile payments service Alipay at European retailers that incorporate barcode payment functionality provided by Wirecard. “Chinese users are able to pay with their smartphone and Alipay app at authorised POS retailers in Europe by using integrated barcode payment functionality from Wirecard, without incurring currency exchange fees,” the German payment technology provider says.

    Alipay to offer QR payments in Taiwan

    October 29th, 2015

    Alipay is to work with E. Sun Commercial Bank to launch a QR-based mobile payment service in Taiwan, Xinhau reports. “More than 3,000 convenience stores, shopping malls and other shops frequented by mainland tourists will offer the payment service” by the end of 2015.

    Macau shops to get Alipay mobile payments upgrade

    July 7th, 2015

    Shops and restaurants in Macau which accept the Macau Pass contactless card can now apply to upgrade their terminals to enable support for Alipay mobile payments and China UnionPay Quick Pass cards. “This new service mainly targets the city’s souvenir shops, supermarkets, convenience stores, bakeries and restaurants,” George Zhang from Macau Pass’ said in Macau Business Daily.

    McDonald’s to pilot mobile order and pay in China

    July 6th, 2015

    McDonald’s is to begin piloting a mobile ordering and payment service in China in the third quarter of this year, with the aim of speeding payments and to meet consumer demand. “Given Chinese consumers being so digital, we are now preparing,” a spokesperson told The Wall Street Journal. The news follows fast food chain KFC’s partnership with Alipay to accept mobile payments in nearly 5,000 locations.

    Ant Financial valued at US$45bn

    July 3rd, 2015

    Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports. The parent company of mobile payments firm Alipay saw its number of annual active users surpass 400m this year, of which 80% are active mobile users.

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