21 August 2017
Find out more

Wirecard opens up Alipay to European merchants - POS integration not necessary

02 September 2016  |  9413 views  |  0 chase pay

Alipay's advance into Europe is getting a boost from Germany's Wirecard, which has developed a mobile app with which retailers can accept and process Alipay payments through a QR code scan.

Alipay claims bragging rights to world-leading payment platform status, with 450 million active users run by Alibaba offshoot Ant Financial Services Group.

Wirecard says retailers will soon be able to download the ‘Scan Alipay’ iOS app from the app store. An Android version will follow in the course of this year.

To use the app, retailers enter the amount payable into the ‘Scan Alipay’ app on a mobile device - in US dollars, euro or British pounds - and then scan the QR code on the customer’s smartphone. The back-end processing is handled by Wirecard Bank.

The firm says the app offers retailers a simple entrance to benefit from Alipay payment acceptance for Chinese tourists and can also be used by large retail chains as a way to deploy Alipay as a new payment method without large integration efforts at eftpos terminals.

Rita Liu, head of Europe at Alipay, comments: “Our customers have a strong sense of loyalty to the Alipay brand. We are sure that tourists will look to use this domestic payment method in Europe more and more often.”

The new service follows on the heels of a recent deal with Ingenico, which is embedding the popular mobile app into its instore payments gateway for use on European retail terminals.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Ingenico provides gateway to Europe for Alipay

Ingenico provides gateway to Europe for Alipay

18 August 2016  |  7632 views  |  0 comments | 10 tweets | 9 linkedin
Alipay expands into Europe

Alipay expands into Europe

06 April 2016  |  12193 views  |  1 comments | 26 tweets | 30 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.worldpaymentsreport.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
10785 views comments | 24 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9012 views 0 | 5 tweets | 1 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8925 views comments | 19 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
8727 views comments | 21 tweets | 24 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8652 views comments | 10 tweets | 7 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job