Alipay, a subsidiary of Ant Group, is a people-centered, real-name and trust-based lifestyle platform. Since its inception in 2004, Alipay has partnered with more than 200 financial institutions to provide payment services to tens of millions of small and micro businesses. With the expansion of scenarios and product innovation, the expanded service scenarios continue to increase, and Alipay has developed into an open platform that integrates multiple scenarios and industries such as payment, life services, government services, financial management, insurance, and public welfare. Alipay has also launched a number of services such as cross-border payment and tax refund, so that Chinese users can enjoy the convenience of mobile payment abroad.
Expanding into New Global Markets
Different countries exhibit distinct payment method preferences. Offer the required payment methods for local consumers.
Increasing Conversion Rates
Due to the utilization of local processing connections, local payment methods are favored to a greater extent within issuing institutions.
To achieve widespread global payment usage, it is recommended to adopt integrated integration to ensure the collaborative linkage of payment providers and acquiring institutions.