Alipay to Serve International Customers

Posted by Joachim Bartels | Nov 4, 2011 | Alibaba, Alipay, China, E-Commerce, Payment Services | 0 |

Hangzhou, 1^st November: According to a report on Penn-Olson, Alibaba Group’s online payment platform, Alipay, will launch a new service to process international payment later this month. The new service will be named Alipay Express, and will partner with a “major recognised brand of bank” that will also be involved with the new launch.

Alipay Express is reportedly based closely on the company’s Chinese Alipay ‘Quickpay’ service, a new branch of Alibaba’s payment platform launched at the end of last year. The service ties a user’s credit card to their Alipay account, which is backed by 100 Chinese banks. Alipay’s Quickpay is currently available on most websites that accept online payment in China.

Source: Business Strategies Group www.bgsasia.com

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Joachim Bartels

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