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Thunes , a global money movement innovator, has now enabled hundreds of merchants in Paris to accept cross-borderpayments from 15 international e-wallets and mobile partners via Alipay+. Thunes offers Pay and Accept cross-borderpayment capabilities in over 130 countries and more than 80 currencies.
They want seamless cross-borderpayment experiences similar to those in their home markets. Eligible users may redeem the offer once during the campaign period. As inbound visitors grow steadily, local merchants benefit from staying responsive to the evolving preferences of international tourists.
During the initial phase, travellers from 10 countries and regions, can simply scan the LANKAQR code at more than 400,000 merchants across the island to make payments, just as they are used to at home.
In October 2023, Alipay+, a unified wallet gateway with cross-borderpayment and digitisation services under Ant International, went live on DuitNow QR, enabling Malaysian SMEs to accept QR payments from international travellers. million DuitNow QR touchpoints in Malaysia simply by scanning the DuitNow QR.
Ant International’s Alipay+ can now accept cross-borderpayments by 13 international e-wallets of which 9 were recently enabled. This move adds to the existing acceptance of Alipay (Chinese mainland) since 2015, and AlipayHK (Hong Kong SAR, China), Kakao Pay (South Korea), and Touch ‘n Go eWallet (Malaysia) since 2023.
In a report released today by leading global payments and financial platform, Airwallex , and travel research company, Skift , the travel industry is also being challenged by shifting payment preferences since the COVID-19 pandemic.
Dubai Duty Free is among the latest retailers and tourism facilities that leverage Alipay+ cross-borderpayment technology and marketing solutions to boost convenience and efficiency for international visitors.
Alipay+ Voyager is first launched on three of Asia’s biggest mobile wallets, Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China) and GCash (the Philippines), ahead of the summer travel peak. It will roll out to more Alipay+ payment partners throughout 2025. Now, it helps 36 e-wallets and payment apps with 1.7
This expansion allows tourists and residents alike to use e-wallets such as Hipay from Mongolia, MPay from Macao SAR, MyPB by Public Bank from Malaysia, Toss Pay and Naver Pay from South Korea, and Tinaba from Italy, alongside existing options including AlipayHK, GCash, Kakao Pay, Touch n’ Go eWallet, TrueMoney, and others.
With the rollout now live, travellers from 10 countries and regions can use 14 Alipay+ partner e-wallets to make payments at over 400,000 merchants across Sri Lanka by scanning the LANKAQR code. The launch in Sri Lanka builds on Alipay+s growing presence across Asia.
Our Alipay+ solution has evolved to include cross-borderpayments, destination marketing and digital lifestyle services, and we have seen significant adoption as more consumers embrace technology to enhance their travel experience.
Companies such as Siemens and iFAST Financial have benefited from the platform through Standard Chartered, gaining better access and control of their working capital, constant availability, and faster, more seamless payment flows.
The campaign, which will last till December 31, will first be launched for the destinations of Hong Kong SAR, Macao SAR, Japan, South Korea, Singapore, Malaysia and Thailand. billion payment accounts of over 25 digital wallets, banking apps and Buy Now Pay Later (BNPL) apps.
These e-wallets include Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), Touch ‘n Go eWallet by TNG Digital (Malaysia), GCash (the Philippines), and TrueMoney (Thailand). billion payment accounts of over 25 digital wallets, banking apps and buy now, pay later (BNPL) apps.
WorldFirst has also expanded one-business-day settlement capability to cover 90% of all World Account transactions, providing SMEs worldwide with speedy payments to increase turnover and save on costs. Payment speed is a big pain point for SMEs when it comes to global transactions. In the U.K.
Overall, around 66 per cent of travel companies are seeing profit impacted by payment systems, and nine in 10 plan to prioritise modernising their financial operations this year. The new report reveals the travel industry is also being challenged by shifting payment preferences since the COVID-19 pandemic.
By leveraging Checkout.coms scalable and modular solutions, HEYTEA can navigate the complexities of cross-borderpayments while delivering a consistent and localized experience to customers. This partnership underscores Checkout.coms ability to support ambitious brands like HEYTEA as they scale globally.
Ant Group began its partnership with Tinaba and Banca Profilo in 2016, extending it to the Alipay+ solution in 2023, supporting users to make mobile payments at more than 2.5 Today, Tinaba users can make cross-borderpayments at Alipay+ merchants in 27 different countries, including Italy, enhancing the travel experience for users.
Frankly, not enough has changed since then, at a time when payment systems have never been so interconnected, money flows have never been at such a high volume, the speed of cross-borderpayments has never been so fast, and the risks to society from organised crime and terrorism have never been so high.
Recognised as one of Asia’s fintech unicorns, Airwallex offers various financial services, including cross-borderpayments, global business accounts, and embedded finance solutions. billion XTransfer created a global payment platform powered by data insights, automation, and risk management tools.
It also brings in stronger customer authentication (SCA) to prevent fraud during digital payments. While its European, its impact is global, especially if you deal with cross-borderpayments. Why PSDS2 is important for banks PSD2 drives innovation.
Pietro Candela, general manager of Europe at Alipay+ Pietro Candela , general manager of Europe at Alipay+, commented: “We’re delighted to partner with DNA Payments to enable businesses of all sizes to access the Alipay+ suite of cross-borderpayment and tech solutions.
This supports a seamless buying experience for international visitors to the UK and enables merchants to better engage with their customers using DNA Payments’ POS solutions.
Returning to China in 1999, Macau became a Special Administrative Region (SAR) under the ‘one country two systems’ policy. Consequently, the SAR launched its plans for diversifying the economy based on the ‘1+4’ model in 2023. This sentiment was shared in Macau. per cent used mobile networks and 91.2
Local merchants can accept payments from 14 global e-wallet operators through their existing AlipayHK payment codes, thereby further expanding their businesses without the need for any additional investment. Similar to Alipay (Chinese mainland).
Some of the supported e-wallets include: Alipay (Chinese mainland) AlipayHK (Hong Kong SAR China) MPay (Macao SAR China) Kakao Pay Naver Pay Toss Pay (South Korea) OCBC (Singapore) Touch&Go (Malaysia), GCash (The Philippines) TrueMoney (Thailand) Tinaba (Italy). This technology facilitates convenient mobile payment options.
In the UK and Europe, WorldFirst supports same-day settlement for payments to markets in the APAC region, compared to the typical two to five days banks in the region usually require. A recent analysis shows that it takes between five to 10 days for payments to reach their destined account.
Local merchants, especially small and medium-sized businesses (SMEs), can seamlessly accept payments from 14 global e-wallet operators through their existing AlipayHK payment codes, thereby further expanding their businesses without the needs of any additional investment.
No more lengthy forms to fill out for money transfer/payments. SUSPICIOUS ACTIVITY REPORTING: SAR checks are currently performed in the US and in different countries (under various different nomenclature / taxonomy).
The very encouraging story in the news, Mielke and Webster mutually agreed, was the joint announcement by PayPal and UnionPay that the two entities would be combining to take on cross-borderpayments from two angles. The challenge here, Mielke told Webster, is how much remains unknown as this story is unfolding. “It
The collaboration, announced at the Singapore Fintech Festival 2024, allows users of Alipay+ to make payments by scanning NEPALPAY QR codes. are extremely delighted to showcase Nepal’s QR scheme and our retail payment system in the global arena.
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