Alipay makes further inroads in the US with First Data deal

Chinese mobile payments giant Alipay is heading stateside through a partnership with First Data that will see the Ant Financial-owned service increase its international presence further.

Similar to deals Alipay has struck with other international payments firms, such as Ingenico in France, First Data will implement Alipay at points-of-sale across its 4 million business clients to allow Chinese tourists in the US to pay via the mobile service.

Souheil Badran, President, Alipay North America said: “Our goal is to extend reliable payment services to the over 4 million Chinese consumers that visit North America every year.

“Extending our partnership with a premier partner like First Data provides the merchants with a seamless integration and access to consumers who want to continue paying with their lifestyle mobile app.”

Alipay is the world’s largest third-party payments platform, counting more than 450 million global customers and 200 financial institutions as partners.

The deal comes as an extension of the partnership first formed between Alipay and First Data in 2016 that saw the mobile payments solution implemented in selected high-end stores in New York and California.

First Data chairman and CEO Frank Bisignano commented: “As Alipay’s popularity continues to spread beyond China, we are thrilled that Alipay chose First Data to support its acceptance for American businesses of all sizes.

“Through this agreement, we will be able to offer our unparalleled network of business clients a cutting-edge payment solution.”

Copyright © 2017 FINTECH GLOBAL

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