Alipay makes inroads into US with JPMOrgan Chase deal

Source: Alipay

Alipay, the world’s leading third-party payment platform, today announced they are working with JPMorgan Chase, a global financial leader, toward a relationship by which Chinese consumers traveling in North America would be enabled to pay using their Alipay Mobile Wallet at Chase merchant clients.

Alipay is China’s leading online payment provider and the primary means of online and mobile payments for Chinese consumers. With four million Chinese consumers predicted to visit North America this year alone, the proposed relationship would expand the places where Chinese shoppers can use their Alipay Mobile Wallet at the register.

“We are always looking for ways to deliver more value to our merchants and bring them closer to their customers,” said Pablo Simone, head of product and strategy for Chase Merchant Services. “A relationship with Alipay would create opportunities that enable Chinese tourists to transact in a way they are familiar with.”

The proposed relationship between JPMorgan Chase and Alipay would enable its acceptance at many of Chase’s merchants in North America. Through Alipay’s geolocation-based “Discover” function and push notifications within the Alipay app, Chinese travelers can locate merchants nearby, receive promotion information, and make purchase decisions. It also enables local merchants to better target and connect with Chinese consumers.

“We are thrilled to work with JPMorgan Chase as we seek to continue growing the number of retailers who accept Alipay across North America,” said Mr. Souheil Badran, President, Alipay North America. “Partnering with JPMorgan Chase will help more U.S. merchants extend secure payment services to Chinese tourists.” 

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