Alipay to help European merchants better reach world consumers

Date: 18 Nov 2019

Alipay, the world's leading payment platform, said on Nov 14 that it will help 10 million European merchants reach over 2 billion potential consumers from around the world in five years with innovative technology.

Alipay made the announcement during the Alipay Partners Global Summit in London, saying it will enhance collaboration with European acquirer Worldline to enable small and medium enterprises in Europe to better serve and sell to over 2 billion potential consumers travelling to the region from around the world.

Thanks to the expanded partnership with Worldline, an existing acquirer for Alipay that will work with Alipay's e-wallet partners from Asia for the first time, European merchants will be allowed to accept payments from them through their Alipay-enabled points of sale.

"Our aim is to improve the way in which individuals and businesses buy, sell and receive payments, and to do this, we need to draw upon the strength of our partnerships," said Eric Jing, chairman and CEO of Ant Financial, operator of Alipay.

"Our innovative solutions will continue to help merchants in Europe better serve the growing numbers of tourists as well as e-commerce shoppers coming to the region from all over the world."

Alipay is China's most popular digital payment service, according to market researcher Statista, with 87 percent of survey respondents in the country aged between 18 and 69 reporting that they use Alipay for their digital financial needs.

Source: China Daily

Disclaimer
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.
Top