Alipay heads to Australia with Commonwealth Bank

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.