28 June 2017
visit www.finastra.com

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

02 September 2016  |  9067 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  |  7299 views  |  0 comments | 10 tweets | 9 linkedin
Alipay expands into Europe

Alipay expands into Europe

06 April 2016  |  11893 views  |  1 comments | 26 tweets | 30 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit vasco.com/news/PSD2-compliant-solutionsdownload the report nowvisit www.events.sap.com

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9139 views comments | 19 tweets | 37 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8683 views comments | 10 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8499 views 0 | 4 tweets | 2 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7491 views 0 | 8 tweets | 7 linkedin
Asia still top dog for payments innovation but Europe gaining groundAsia still top dog for payments innovation...
7431 views comments | 10 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job