Payworks, a leading provider of Point of Sale payment infrastructure, announced today that their payment gateway technology will be supporting the integration of Alipay, the world’s largest mobile payment provider operated by Ant Financial Services Group, for payment providers across Europe.
Alipay, China’s leading online and mobile payment service dominates the market with eighty percent market share and over 520 million users. These users are spending time and money abroad and it’s clear that their preferred payment method needs to be accepted by merchants throughout Europe. With Chinese tourists spending over US$261 billion while abroad, an increasing number of merchants are looking to add the mobile payment option to their payment mix at the Point of Sale.
To increase the speed of market penetration in Europe, Alipay has partnered with Payworks for technology support. Payworks provides the payment gateway technology for next generation Point of Sale (POS) solutions. Through their developer focused technology, the integration of Alipay into existing POS systems is easy and fast even alongside traditional payment methods such as card acceptance.
“Alipay has garnered great brand loyalty among our users and to be able to deliver the same ease and confidence in payment while they are outside of China is important for us,” comments Rita Liu, Head of Alipay Europe, Middle East and Africa. “With Payworks as a technology partner, we will be able to expand the Alipay platform quickly and easily across Europe, ensuring our customers have the best payment experience when traveling.”
“Alternative payment methods at the Point of Sale are gaining importance,” says Christian Deger, CEO and Co-Founder of Payworks. “Alipay, with its impressive user base and customer engagement, is increasingly relevant for merchants globally and we are extremely excited to play a major role in Alipay’s rollout.”
For more information on Alipay integration with Payworks visit www.payworks.com/alipay
Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 400 financial institution partners globally. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 8 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service is covering more than 120,000 retail stores across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 200 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 19 currencies.
Ant Financial Services press contact:
Tel.: +86 138 1689 6301
Payworks (www.payworks.com) is the provider of next generation Point of Sale payment gateway technology. Developers of Point of Sale solutions for merchants can quickly and cost-efficiently integrate card payment functionality into their applications, and securely process EMV, contactless and mobile wallet transactions at the Point of Sale. With headquarters in Germany and offices in the U.K., the U.S. and Spain, Payworks provides its technology to leading acquirers and payment providers globally.
Payworks press contact:
Tel.: +49 89 416158-400