综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Companies

Alipay forays into Europe via payment deal with Ingenico

(China Daily) Updated: 2016-08-29 08:06

Alipay forays into Europe via payment deal with Ingenico

A bus passenger buys a ticket with Alipay, which is targeting more than 120 million Chinese travelers worldwide. [Photo/China Daily]

Alipay, an affiliate of billionaire entrepreneur Jack Ma's Alibaba Group Holding Ltd, is pushing forward with plans to expand in Europe, unveiling a partnership with Ingenico Group SA that paves the way for hundreds of continental retailers to accept China's biggest mobile wallet in popular destinations.

To cater to Chinese tourists visiting Europe, Alipay needs brick-and-mortar stores from LVMH to Sainsbury's on board.

An agreement with Ingenico, the processing platform that has thousands of merchants as its customers, will facilitate alliances as well as provide a technical piece of the puzzle, Douglas Feagin, who heads Alipay's international business, said in an interview.

The Chinese company is seeking partners from duty-free shops to luxury and department stores, he said.

"Chinese customers traveling abroad-one of their primary goals is to buy things. It's a very large market for us given most travelers are Alipay customers already," Feagin said in Paris. "This deal gives us immediate access to merchants across Europe, more quickly and more efficiently."

Alipay is targeting the 120 million Chinese people who traveled last year and spent $875 each on average during those trips.

It promises to drive business to retailers, with a wallet app that lets some 450 million users pay, but also suggests stores, restaurants and pushes coupons. In comparison, only a few dozen million subscribers combined use mobile wallets by Apple Inc, Google or Samsung Electronics Co.

Agreements are already in place to let Chinese customers use the Alipay wallet for a ride with Uber Technologies Inc, a booking on Airbnb Inc or a purchase at Macy's Inc. Alipay has no plans at this point to offer its services to consumers who are not from China.

"We're building the international business step by step. There's a lot to do still with our core customer base, and it's still expanding," Feagin said. Alipay has a market share of about 80 percent in mobile payments in China.

Ingenico, whose payment terminals are in thousands of online and physical stores in 150 countries, also manages cross-border electronic transactions for Alipay and its parent company Alibaba.

Offering its retail customers more payment options is a way to keep them happy as well as grow service charges by increasing volume, said Jacques Behr, Ingenico's chief for Europe and Africa.

"The alternative is often paying in cash," Behr said. That, of course, would be a transaction lost on both Alipay and Ingenico.

Bloomberg

Hot Topics

Editor's Picks
...
黄浦区| 获嘉县| 平潭县| 蒙山县| 防城港市| 淮南市| 北安市| 积石山| 冕宁县| 襄垣县| 石门县| 伊宁市| 房山区| 蓬安县| 六枝特区| 和林格尔县| 全南县| 桐城市| 黔西| 罗田县| 石台县| 平凉市| 永泰县| 达州市| 通道| 礼泉县| 庄浪县| 临洮县| 罗甸县| 荥经县| 烟台市| 钟山县| 泉州市| 博客| 封开县| 巩留县| 开平市| 惠安县| 武安市| 习水县| 上栗县|