Europe Loves Alipay: Mobile Payment Platform Triples Merchants

By Phoebe Kut, June 6, 2019

0 0

Online and mobile payment giant Alipay’s footprint is about to get even bigger. As you know, in China you can use Alipay for just about anything, but now your options may have increased while shopping abroad (for Chinese nationals, anyways). The company recently announced its expansion in Europe, tripling its merchants as Chinese tourism numbers continue to surge. 

In a CNBC interview with Roland Palmer, head of the European division of Alipay, said that in the past year “tens of thousands of merchants” came onboard with the payment provider. Palmer continued, it provides access to “wealthy and middle class consumers who are traveling to see the world and want to buy great brands from Europe.” Palmer also added that the platform has “around one billion” active users - making it currently the largest online payment platform in the world. 

Homegrown in Hangzhou, the company was established by Alibaba in 2004 and now is owned by Ant Financial.

READ MORE: 7-Elevens in Canada Now Accepting Alipay and WeChat Pay

Image via Sina Tech

Last year’s 2018 EU-China Tourism Year initiative has propelled China to the third largest source of international visitors in Europe. In 2017, Eurostat reported that Chinese travellers spent 10 billion euros on travel services in the EU. 

However for expats living in China, from our experiences trying to use Chinese e-payment methods abroad, Alipay and WeChat Pay can unfortunately only be used by those who have a Chinese ID card linked to their account. As for foreigners, credit cards are still a thing, right?

READ MORE: Alipay Uses Fun Cartoons to Show Your Yearly Spending Habits

[Cover image via @支付宝/Weibo]

more news

US Adds Alibaba and Tencent to ‘Notorious Markets List’

The companies have been added to the list for selling counterfeit goods.

Chinese Internet Reacts to Alibaba's Record ¥18 Billion Fine

Top comments called for anti-monopoly investigations into other tech companies like Tencent and Meituan.

Will Alibaba Have to Sell South China Morning Post?

South China Morning Post employees have expressed concern for the future as Alibaba is pressed to trim media assets.

Alibaba Sells ¥372.3 Billion in Lead-up to Singles' Day

This year was certainly a big one for participating brands.

We Talk with a Xinjiang-based Guide about Regional Tourism

Osmanjan Mamtili shares with us how he got into tourism in Xinjiang and what the region has to offer.

Meituan App Takes Out Alipay

Screenshots of Meituan order pages circulating online show only bank card payment, Meituan’s recently launched monthly payment plan as well as WeChat Pay available.

Turkey is Launching a Health Tourism Program This Summer

The Republic of Turkey’s health tourism certification program will take effect in the summer of 2020.

Alibaba to Invest ¥200 Billion in Cloud Services Amid Covid-19

The public health crisis may have provided the impetus for the additional investment in cloud computing.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Magazines!

Visit the archives