“Alipay+, the provider of global cross-border digital payments and marketing solutions, has rolled out its first year-end promotion campaign with merchants across Asia and Europe, in collaboration with five Asian e-wallet partners: AlipayHK (Hong Kong SAR, China), GCash (Philippines), Kakao Pay (South Korea), TrueMoney (Thailand) and Touch ‘n Go eWallet (Malaysia). The promotion campaign is participated in by over one million merchants in retail, F&B, tourist attractions, and hospitality across major travel destinations where Alipay+ is accepted, including Japan, South Korea, Singapore, and various countries in Europe.”

“ASIA United Bank Corp. (AUB) has partnered with Alipay+ to enable the bank’s e-wallet, HelloMoney, for cross-border transactions and to provide an efficient payment experience for users whenever they go out of the country. In a statement on Wednesday, AUB said the move makes it the first Philippine lender with an e-wallet that can be used overseas. HelloMoney will be made acceptable first in South Korea and Japan through the partnership. It will allow users to pay merchants that accept Alipay+… “AUB has been a long-term partner to Ant Group, and we are excited to extend the partnership further to enable its e-wallet’s cross-border operations through Alipay+,” Alipay+ Global Partnerships, Ant Group General Manager Jia Hang said. Introduced by Ant Group, Alipay+ was designed to enable businesses to process a wide range of payment transactions and better serve regional and global clients. “Despite it being a relatively young e-wallet, HelloMoney has garnered strong growth and adoption momentum among users. Through this partnership, users of HelloMoney can rely on the e-wallet when they travel overseas, too, without the hassle of carrying cash or change currencies,” Mr. Hang said. AUB launched HelloMoney to let users digitally perform bank-to-bank fund transfers, buy prepaid load, remit money through PeraPadala, and transact using HelloMoney’s own virtual Mastercard.”

“Jack Ma co-founded Alibaba Group Holding Limited fintech affiliate Ant Group has found a way to scale up its QR code-enabled payments solution overseas.  Ant has been quietly forming partnerships with local payment providers in Asia. Ant built something akin to the Mastercard Inc or Visa Inc network for digital payments. It allows consumers to travel with their mobile wallet from home, TechCrunch reports. Ant dubs the payments processing network Alipay+ to distinguish it from Alipay, its consumer-facing wallet that has become ubiquitous in China. Alipay+ has integrated with 15 payment methods, allowing its partnered merchants to reach more than one billion consumers, Angel Zhao, president of international business at Ant Group, said during the Singapore Fintech Festival. To create a network effect, Alipay+ has been busy onboarding merchants. It supports over 2.5 million businesses around the world.”

“You might have seen Alipay+ advertisements as you roam on Singapore streets – as you walk along MRT stations, hop on a cab, go shopping at malls, or even head to Changi Airport to catch a flight.  Their ads are plastered almost everywhere, and more stores in Singapore are also carrying Alipay+ signs as an indication that they now accept this payment solution. This is a strong testament that Alipay+ is actively growing its presence here, but what exactly is Alipay+?”

“Alipay+, provider of global cross-border digital payment and marketing solutions, announced its merchant coverage has more than doubled to 2.5 million, as it continues working on connecting businesses to multiple digital payment methods by collaborating with acquirer partners. The payment methods merchants can adopt through one-time integration has now reached 15, so that they can tap over 1 billion e-wallet users and unlock the consumption potential of the mobile-savvy consumer.”

“Alipay+ and its e-wallet partner GCash were featured last week at the Philippines launch of SHEIN, the leading fashion and lifestyle global e-retailer’s first-ever popup store. The event showcased how Alipay+ utilized its payments and marketing solutions to engage the e-commerce giant and e-wallet users in a variety of online to brick-and-mortar scenarios through exclusive incentives. GCash users who visited the offline popup store and completed online payment through Alipay+ on SHEIN’s website or app enjoyed extra PHP130 off at checkout with promotion codes provided on site. Users whose online orders exceeded PHP2999 also won an exquisite magic blind box exclusively designed by Alipay+ for the four-day popup event, which started on October 20. The SHEIN event also attracted broad attention and participation from the public as those Alipay+ magic blind box winners enthusiastically shared their joyful moments at the popup store on social media, including Instagram to strike their best poses on the runway and at the photo booth with eye-catching clothes and accessories from the popup.”

“Global payments fintech disruptor, Till Payments (Till) has announced a partnership with Alipay+, a suite of cross-border payments and marketing solutions operated by Ant Group, to integrate Alipay into its new Education product offering and explore the potential integration of other digital payment methods brought by Alipay+. Till’s education offering has been designed for higher education institutions to support the revival of Australia’s $20 billion international education market, which has declined in recent years due to border closures and pandemic restrictions. As part of the collaboration, partners and merchants using the offering will be able to accept international student tuition fees via Alipay. The new product also offers seamless integrations into popular campus commerce systems, providing valuable insights and offering a connected and streamlined way to manage tuition payments.”

“Ant Group today announced the launch of Alipay+ Unified Payment. This major product upgrade provides a unified, scalable technical solution to help online and brick-and-mortar merchants collect money through all digital payment methods supported by Alipay+ in a more convenient and effective way. Alipay+ offers a suite of innovative cross-border digital payments and marketing solutions, enabling merchants, especially small and medium-sized businesses, to better serve consumers worldwide. With this upgrade, Alipay+ Unified Payment further helps merchants directly reach over one billion consumers by making it easier for them to pay. Going forward, digital payment users in different countries can make cross-border payment with their local currencies wherever they see an Alipay+ sign, either online or offline, if the mobile payment methods they use adopt Alipay+ solutions.”

“Alipay, the brand of Ant’s consumer finance app, claims to earmark 1.3 billion annual active users as of March. The majority of its users came from China, while the rest were brought by its nine e-wallet partners in India, Thailand, South Korea, the Philippines, Bangladesh, Hong Kong, Malaysia, Indonesia, and Pakistan.”

“Alipay unveiled the enhanced version of the AI-powered risk engine AlphaRisk, the core of its world-leading risk and security technologies. Backed by AlphaRisk, Alipay’s fraud loss rate has been kept under 0.64 in 10 million. This means that for every $10 million worth of payments, fraud induced loss is less than $0.64, which is significantly lower than industry average.”

“Alipay has set up a special section, visible from the landing page of the Alipay app, to allow the platform’s 900 million users to easily locate merchants and their respective products and services in Wuhan. The section allows orders to be placed directly via the Alipay app for local specialty produce, and also enables users to access livestreams of tourist destinations across the city as it emerges from lockdown. Local merchants, including restaurants and tourist sites, will benefit from this initiative.”

“Chinese mobile payments giant Alipay has announced a three-year plan to evolve its current offering into an open financial services and digital lifestyle platform — and has set a target of attracting 40m service providers by 2030. “The plan marks a major milestone as Alipay continues to strengthen its positioning in China, evolving from a platform that provides inclusive financial services to an open, vibrant digital ecosystem that offers users a gateway into a comprehensive digital lifestyle, right in the palms of their hands,” Alipay says.”

“Thanks to smart phone apps like Alipay and WeChat Pay, hundreds of millions of Chinese have quick and easy access to financial services. Those offerings are becoming increasingly sophisticated: For the first time, ordinary Chinese investors will also have access to watchdog-approved financial advice. The service will be available through a partnership between Ant Financial , which operates Alipay, and the $5.9 trillion US fund giant Vanguard. The joint venture is the first to win approval from the China Securities Regulatory Commission (CSRC) to provide professional advisory services.”

“Alipay, the digital wallet from Ant Financial Services Group, announced a new target to support 10 million small and medium-sized businesses in Europe over the next five years, which will be able to serve more than 2 billion potential consumers traveling there from across the globe. Alipay announced the agreement during its Alipay Partners Global Summit in London, where an expanded partnership agreement with Worldline to expand acceptance of the mobile wallet by European merchants was announced as well as a new initiative to serve airports around the world.”