Ant Group, owner of Alipay, the world’s largest digital payment platform, is expanding its global network to include 10 major e-wallets from across Asia. This move is aimed at making travel and spending in China easier for foreigners.
Seven e-wallets from Macau, Mongolia, Singapore, South Korea, and Thailand are now supported through the “Alipay+” cross-border payments program. This adds to the three services from Hong Kong, Malaysia, and South Korea that were part of the program’s launch in 2022.
In China, the dominant digital payment platforms are Alipay and WeChat Pay. Using these apps, people can pay for various services and products with just a scan of a QR code. However, non-Chinese tourists often face difficulties in accessing these payment options due to the requirement of a Chinese bank account and phone number.
Alipay’s expansion of its e-wallet will make it easier for East and Southeast Asian tourists to access dining, retail, and transportation options in China without the need for a temporary bank account. Eric Jing, chairman and CEO of Ant Group, stated that this partnership with other e-wallets will provide travelers with greater choice and convenience during their stay in China.
According to an Ant Group filing with the Hong Kong Stock Exchange, Alipay has over 1 billion users and works with 80 million merchants.
One big number: 175 million
E-wallet users now covered through Alipay+
A list of e-wallets that can be used in China via Alipay+
🇭🇰 Hong Kong – Alipay HK
🇲🇴 Macau – mPay
🇲🇾 Malaysia – Touch ‘n Go eWallet
🇲🇳 Mongolia – Hipay
🇸🇬 Singapore – Changi Pay, OCBC
🇰🇷 South Korea – Kakao Pay, Naver Pay, Toss Pay
🇹🇭 Thailand – TrueMoney
Alipay is looking to cash in at the Hangzhou Asian Games
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