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

alipay-.jpg
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

Alibaba Employees Should Work 12-Hour Days: Jack Ma

Alibaba CEO Jack Ma's latest remarks on work-life balance removes 'life' from the equation.

Alipay Uses Fun Cartoons to Show Your Yearly Spending Habits

The program can make us feel a bit better after spending over RMB213,000 via Alipay last year.

7-Elevens in Canada Now Accepting Alipay and WeChat Pay

Further evidence that Tencent and Alibaba are taking over the world...

Alibaba Sells ¥10 Billion in 125 Seconds for Singles' Day 2018

Singles’ Day​ officially ended Monday morning at 12am, capping off China’s largest-ever 24-hour online shopping spending spree.

Taxis in Seoul to Accept Alipay Starting in 2019

Starting 2019, Alipay payments will be available in all taxis in Seoul, South Korea.

Jack Ma Says He's Retiring from Alibaba

The billionaire co-founder of Alibaba and China's richest man says he's stepping down from the e-commerce giant next week.

Jack Ma Stepping Down from Alibaba Next Year, Confirms Successor

Alibaba's co-founder and chairman Jack Ma has confirmed that he will be stepping down next year.

Alibaba Builds AI Version of Robocop to Censor Dirty Content

Alibaba's latest AI tool detects violent or illicit content shared on the Internet so companies have a more manageable task in complying with government censorship.

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 thatsmags.com

Weekly updates to your email inbox every Wednesday

Subscribe

Download previous issues

Never miss an issue of That's Magazines!

Visit the archives

Get the App. Your essential China city companion.