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    Alipay

    News about Alipay.

    Alipay comes to more Australian stores

    December 8th, 2016

    Australian merchants using Quest Payment Systems payment terminals can integrate support for Alipay mobile payments following a software update. “Quest has enabled Alipay at select stores within The Chemist Warehouse and My Chemist groups, with full rollout planned for early 2017,” Quest says. Alipay struck a deal with Commonwealth Bank of Australia to enable Alipay payments for Chinese tourists in October 2016 and has partnered with European banks and payment processors to expand across Europe.

    Alipay expands across Europe after deals with major banks and payment providers

    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… More

    IHG to accept Alipay in hotels worldwide

    August 25th, 2016

    Chinese tourists visiting hotels belonging to InterContinental Hotels Group (IHG) will be able to settle their bill using Alipay in locations across the globe from 2017. “The new partnership, which has been agreed by Alipay’s parent company Ant Financial, will initially apply to IHG’s existing estate of more than 270 hotels in Greater China, as well as a number of hotels around the world that participate in IHG’s China Ready Programme,” Ant Financial says.

    PBOC working to regulate QR code mobile payments in China

    July 25th, 2016

    People’s Bank of China (PBOC) is working to create a system for regulating QR code mobile payments in the country, after it suspended QR code-based services run by third-party payment providers in March 2014. “Payment providers including Alipay and Tenpay, along with a number of commercial banks, have continued marketing their QR code payment services,” Caixin reports. “A source close to the central bank said that the 2014 ban was put in place because there were no rules or standards for third party QR code payment services.” PBOC also moved to open up Chinese mobile payment services in August 2015.

    Alibaba unveils connected car with Alipay mobile payments

    July 19th, 2016

    Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform. More

    Worldline to support Alipay in Germany

    July 4th, 2016

    Payment processor Worldline is adding support for Alipay mobile payments in Germany. “The partnership allows Chinese tourists on trips to Germany to pay conveniently with their Alipay app at authorised retailers,” Worldline says. “The current pilot phases will be completed in July of this year and after that it will go live. The next step will extend the service to other countries.” Alipay partnered with payment provider Concardis to launch the service in Germany last month, marking its European debut after the company unveiled its expansion plans at Money20/20 Europe in April 2016.

    Alipay parent company seeks expansion overseas

    June 20th, 2016

    Alipay parent company Ant Financial is seeking to buy a 20% stake in Thai online payment provider Ascend Money and to increase its stake to 30% at a later date. “Ascend’s subsidiaries include True Money, an online payment service provider, and Ascend Nano, a licensed financial services provider,” Reuters reports. “Ant Financial, whose Alipay payment platform dominates the online payments industry in China, is looking to expand its presence overseas.”

    China sees rapid growth in proximity mobile payments

    June 7th, 2016

    The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research… More

    Ant Financial takes Alipay to Germany with Concardis

    June 3rd, 2016

    Chinese tourists will soon be able to make payments at 210,000 store locations in Germany serviced by payment provider Concardis using Ant Financial’s Alipay mobile payment platform. The move marks the service’s launch into Europe after the company unveiled its expansion plans at Money20/20 Europe in April 2016. More

    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

    Samsung Pay expected to enable support for Alipay

    May 19th, 2016

    Samsung and Chinese internet giant Alibaba are to announce a collaboration on mobile payment systems this week, according to Yonhap News Agency. “The partnership with Alipay will allow Samsung Pay users to make payments for their offline purchases using Alipay’s QR codes and barcode scanners,” the publication reports.

    Orix to push Alipay in Japan

    April 12th, 2016

    Financial services provider Orix is to promote Ant Financial’s Alipay mobile payment platform in Japan and encourage more stores to accept the service. “The Japanese group will offer leasing of the terminals, which can cost up to 300,000 yen (US$2,685) or so to buy, to reduce adopters’ upfront expenses,” Nikkei reports. “Orix will market Alipay mainly to retailers popular with Chinese tourists.” The report comes as Alipay announced its expansion into Europe last week.

    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

    Ant Financial seeks US$3bn in funding

    March 8th, 2016

    Alipay parent Ant Financial is planning to raise up to 20bn yuan (US$3.1bn) in its current funding round at a valuation of more than $50bn, according to The Wall Street Journal. “The fresh funding will give the operator of popular Chinese online payments platform Alipay more financial muscle as it buys stakes in businesses ranging from a Chinese lottery company to China’s Postal Savings Bank,” the publication says. “It also sets the stage for Ant Financial’s future initial public offering — bankers expect it as early as 2017.”

    Global mobile payment market to hit $620bn in 2016

    February 4th, 2016

    Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019. More

    Uber China adds cross-border Alipay support

    February 1st, 2016

    Chinese consumers using taxi hailing app Uber will soon be able to pay for their journeys using Ant Financial’s mobile payment platform Alipay when travelling abroad. “The partnership will enable riders from mainland China to use their Alipay accounts to pay for Uber rides when they’re travelling in other regions,” Uber China says. “Uber riders have been able to use Alipay to pay for their rides in mainland China since 2014.”

    Alibaba and Ant Financial make “strategic investment” in India’s Paytm

    September 29th, 2015

    Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications…. More

    China’s FiiSmart to develop smartwatch that supports Alipay

    September 28th, 2015

    Shenzhen-based wearable device maker FiiSmart has launched a campaign on ecommerce giant Alibaba’s Taobao Crowdfunding website for a smartwatch that will support Ant Financial’s mobile payment platform Alipay and allow its wearers to make payments… More

    McDonald’s to accept Alipay in more than 2,100 restaurants in China

    September 24th, 2015

    Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants. The roll-out… More

    Marriott Hotels to accept Alipay

    September 9th, 2015

    Visitors to hotel chain Marriott International will soon be able to pay for their hotel stays, food and drink purchases as well as for meeting and event bookings using Ant Financial’s Alipay QR-code mobile payment platform. “Marriott International will initially activate Alipay at 10 hotels in greater China, gradually expanding to other hotels in China and across Asia by mid-2016,” the chain says.

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