Payments News

On The Web

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Companies

Alipay Wants To Take The US, But Faces Customer Acceptance Hurdles

“For more than a decade, Chinese e-commerce giant Alibaba’s Alipay has dominated the mobile payments market in China. But with competitors like Tencent’s WeChat Pay entering and saturating the space, Alipay is on the lookout for a new market — and is looking west. Starting last year, Alipay worked with payment processor FirstData to integrate its offering across 4 million […]
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Companies

The Chinese Tourists Will Be WeChat Pay’s Focus For Next Three Years

“In an unsurprising move, Grace Yin, Director of WeChat Pay’s International Operations, confirmed in an interview that Tencent’s WeChat Pay would continue to focus almost exclusively on Chinese outbound tourists for the next three years. A move abroad would seem to be the logical next step for both Alipay and WeChat Pay, as both platforms have become wildly […]
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Companies

American Retailers Are Using Alipay To Attract Chinese Tourists

“With 870 million users, Alipay is quickly becoming one of the world’s largest mobile payment platforms (its user base is second to WeChat Pay, which has 900 million users). The purchasing power of Chinese tourists, who on average spent more than $5,500 on overseas trips last year, is a market U.S. retailers are trying to capture. For Guess, […]
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On The Wires

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Companies

99 Ranch Market And CITCON Partner To Deliver Customer-centric Shopping Experience

“CITCON, the leading cross-border mobile payment company, announced that 99 Ranch Market, the largest Asian supermarket chain in the United States has successfully deployed the CITCON mobile payment and marketing solution, which allows it to accept China’s most preferred payment options Alipay and WeChat Pay, and leverage their marketing channels to better service Chinese customers.”
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Companies

San Francisco’s Leading Tourist Destination Partners With Alipay To Deliver A Seamless Payment Experience For Chinese Travelers

“Alipay, China’s leading digital payment platform operated by Ant Financial Services Group, and PIER 39, one of San Francisco’s most popular tourist destinations for shopping, dining and entertainment, today announced a partnership to create a seamless payment experience for Chinese travelers. Through the partnership, more than 40 merchants and vendors located on PIER 39, including […]
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Companies

Alipay Seeks Japanese Partners to Strengthen Cashless Experience across the Country for Tourists before 2020

“Alipay, the world’s leading mobile and online payment platform operated by Ant Financial Services Group (“Ant Financial”), today announced that it will collaborate with a wider range of local Japanese partners to build a cashless environment for tourists coming to Japan, in particular for the Tokyo Olympic Games in 2020. This will allow the large […]