Alipay to expand to Europe this summer
Chinese mobile payments platform Alipay, which has 450 million active users, is to be made available in Europe this summer, enabling Chinese shoppers to make payments in stores, receive offers and view nearby shops and restaurants that accept the mobile payments service.
More than 60% of transactions on Alipay are made through a mobile device, Alipay president Sabrina Peng has also revealed during a keynote at Money20/20 Europe, and the service now processes 175m transactions a day with a peak record of 85,000 transactions per second.
“Today, in China, a lot of people like me can go without the wallet, but they cannot go without Alipay — this is real life in China today,” Peng said. “They enjoy the lifestyle, they get used to the lifestyle in China and when they travel abroad, can we bring the same service to them? When they travel, they always carry Alipay. We are thinking how we can bring this new platform to the world, not only to China, to the world.
“Today, I’m very happy to announce that the platform is ready for the world. We are going to launch this to the market this summer.”
Source: nfcworld.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
