Alipay+, provider of global cross-border digital payment and marketing solutions, announced its merchant coverage has more than doubled to 2.5 million, as it continues working on connecting businesses to multiple digital payment methods by collaborating with acquirer partners.
“As the first provider of such service, we look forward to providing a tremendous amount of convenience for Korean travelers to China.”
The payment methods merchants can adopt through one-time integration has now reached 15, so that they can tap over 1 billion e-wallet users and unlock the consumption potential of the mobile-savvy consumer.
Angel Zhao, President of International Business, Ant Group, shared the vision of Alipay+ and its latest developments at the Singapore Fintech Festival (SFF) Thursday.
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“While many of you are familiar with the success of Alipay in China, Alipay+ is not another SuperApp we are launching globally. Built on top of the technology capabilities and know-how of Alipay, Alipay+ offers cross-border digital payment and marketing solutions connecting global merchants, online and offline, with multiple e-wallets and payment methods from different countries and regions and helping the merchants to engage with mobile-savvy consumers of those payment methods. We are off to a remarkable start since its official debut last year,” said Ms. Zhao at the company’s product showcase event dubbed “It’s A PLUS: How Alipay+ and partners build digital resilience for businesses”.
“As businesses recover from the pandemic, Alipay+ is playing an important role in building resilience for the merchants by collaborating with our partners. Through simple integration, more than 2.5 million merchants around the world are able to access and better serve the growing user population of various leading digital payment providers, as digital transformation takes hold around the world,” she said.
The merchant network of Alipay+ includes regional and global digital entertainment providers, lifestyle services, e-commerce platforms and a wide range of brick-and-mortar businesses that cover major airports, shopping centers, duty free shops, convenience stores, cafes, restaurants and tourism facilities.
The global merchant coverage of Alipay+ by sector includes over 1,000 online platforms, more than 10 major airports, over 90,000 convenience stores, over 360,000 restaurants, nearly 200,000 taxis and major hotel brands, department stores, duty-free shops and tourist facilities in Asia and Europe.