Alipay The payment system to conquer the Asia Pacific market

The increased availability of QR code-based solutions, which have allowed small merchants to be able to quickly accept digital payments without deploying any additional point-of-sale (POS) infrastructure, has also helped drive mobile payment adoption, especially in Asia. In South Korea, for example, GlobalData estimates that the value of e-wallet transactions will triple, from $181.6 billion in 2020 to $503.5 billion by 2024. In China, it is not strange to find a Chinese citizen who does not have a bank card. With a phone only and apps like WeChat or Alipay, Chinese consumers can pay when and where they want with a simple QR code scan. It is also not strange for a Chinese to have a UnionPay card if he has a bank card. The same applies to consumers in other Asia-Pacific countries. For this, it has become necessary for merchants to adapt their service proposition, including payment services.

What is Alipay plus

In 2022, the partnership between France Phone Number List Alipay and Silkpay proved its worth once again by launching the Alipay+ solution . With this payment system, merchants can accept major e-wallets in Asia-Pacific through 1 solution only. Alipay+ is a payment system launched by Alipay in 2022 to connect merchants and consumers around the world. By integrating Alipay+, merchants can automatically accept the most popular e-wallets in China, South Korea, Philippines, Thailand, Indonesia, Malaysia, India, Japan etc. The merchant does not need to open an account for each country-specific e-wallet but can accept everything in Alipay+’s all-in-one system. Who can benefit from Alipay+? All European merchants exercising a legal activity can benefit from this solution. Retail stores, hotels, restaurants and transport companies, supermarkets etc. can accept payments made via the 10 major electronic wallets in Asia-Pacific without constraint for the merchant as for the customer.

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If you are already a Silkpay customer

If you are not yet a customer, to DT Leads open an account, you will need to send us the documents below. Opening an account is free, there are no maintenance fees either. Our fees are based on commission only. Do not hesitate to contact our team for more details on rates. KBIS of the company Articles of association Color Recto/Verso identity document of the manager and partners holding more than 10% of the company’s shares. Company bank details Integrate Alipay+ E-wallets include: Alipay The most used payment method in China. Alipay now has more than 1.2 billion users, including more than 320 million daily users. Alipay Hong Kong Alipay is the most popular e-wallet in Hong Kong with around 67% penetration rate. Kakao Pay – South Korea A Statista survey estimated that 91% of South Koreans used Kakao Talk in May 2021.

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