How Is Alipay Driving Cross Border Transactions Whilst Benefitting Local Merchants
According to Tourism Australia, Chinese tourists spend about $8000 on average per person during each visit. The growing demand for Australian-made goods from Chinese consumers is fuelling the expansion of Alipay, a mobile payments platform to Australia. To cater for this market, Alipay has established an embedded POS payment method where customers have the ability to scan a QR code on their smartphone to pay for goods in their currency.
In this presentation from Payments Innovation 2017, George Lawson, Country Manager, Alipay ANZ explores:
- Creating a simple and intuitive customer payments experience
- Driving cross border transactions and servicing a gap in the marketplace
- Establishing channels for merchants and extracting data to provide insights to retailers
- Partnering with Commonwealth Bank to expand reach and service offering
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