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Merchants must cater to diverse consumer preferences, including local digital wallets like DANA, Touch n Go eWallet, and TrueMoney, while navigating currency, tax, and regulatory complexities. However, the payment landscape in SEA is highly fragmented.
Users of participating payment partners, including Alipay, AlipayHK, GCash, Kakao Pay , Toss Pay, Touch ‘n Go eWallet, and TrueMoney, will be offered an exclusive 10% discount (up to a maximum of JPY 1,000, CNY 50). Tinaba will also provide a 10% cashback promotion (up to a maximum of EUR 20).
Alipay+ works with its partners and merchants to serve 1.6 billion user accounts worldwide and is enabled in 66 markets globally, with over 90 million merchants.
The nine newly added digital wallets include MyPB by Public Bank Berhad from Malaysia, Naver Pay and Toss Pay from South Korea, Changi Pay and OCBC Digital from Singapore, GCash from the Philippines, Hipay from Mongolia, MPay from Macao SAR, China, and Tinaba from Italy. billion users across over 25 e-wallets and payment apps.
The Alipay+ partners enabled for cross-border payment acceptance in Sri Lanka in the first phase include: Alipay (Chinese mainland), AlipayHK (Hong Kong SAR), MPay (Macao SAR), Hipay (Mongolia), GCash (the Philippines), Changi Pay and OCBC Digital (Singapore), Touch n Go eWallet and MyPB by Public Bank Berhad (Malaysia), Naver Pay and Toss Pay (South (..)
AlipayHK users will be able to earn personalised rewards with every FREENOW ride they take, providing another benefit for travelers from the Hong Kong region.
These 12 overseas e-wallets include AlipayHK (Hong Kong SAR, China), Kaspi.kz (Kazakhstan), MPay (Macao SAR, China), Touch ‘n Go eWallet (Malaysia), Hipay (Mongolia), NayaPay (Pakistan), Changi Pay (Singapore), OCBC Digital (Singapore), Kakao Pay (South Korea), Naver Pay (South Korea), Toss Pay (South Korea) and TrueMoney (Thailand).
Mobile-savvy travelers from the Chinese Mainland, Hong Kong SAR, Europe, Malaysia and South Korea lead the European travel craze in terms of the number of transactions and total spending. The number of tourists who paid with their preferred home payment app via Alipay+ rose by over 30% during the championship period.
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. Touch ’n Go eWallet, mPay and TrueMoney are ranked top 3 based on month-on-month (MoM) increase of transaction volume in November 2023.
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.
2) Travelers spend more, with a shift toward localized experiences Alipay+ payment partners include top payment apps from across Asia, such as Alipay (Chinese mainland), AlipayHK (Hong Kong SAR), Touch ‘n Go eWallet (Malaysia), GCash (the Philippines), KakaoPay, Toss Pay and Naver Pay (South Korea), OCBC (Singapore), TrueMoney (Thailand) and more.
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.
Various major global destinations have already accepted these Alipay+ partner wallets, including the Chinese mainland and Macao SAR, Singapore, Thailand, Malaysia, The Philippines, South Korea, Japan, Europe, as well as the Middle East. Similar to Alipay (Chinese mainland).
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).
It operates in markets including Hong Kong SAR, the UK, the Netherlands, the US, Canada, Australia, Singapore, and more. Businesses can accept payments through direct debit, virtual accounts, cards, eWallets, retail outlets, and online instalments. XTransfer Valuation: $1.4
Ant International has already provided Alipay+ wallet partners in Asia, including AlipayHK (Hong Kong SAR, China), Dana (Indonesia), Livin’ by Mandiri (Indonesia), Touch ’n Go eWallet (Malaysia), and GCash (The Philippines), with the infrastructure to leverage the Alipay+ Mini Program solution.
The partnership aims to enhance the travel experience for international visitors exploring the island destination of Jeju by providing convenient digital payment services and exclusive offers and contributing to boosting the local economy.
Mobile-savvy travellers from the Chinese Mainland, Hong Kong SAR, Europe, Malaysia and South Korea lead the European travel craze in terms of the number of transactions and total spending. The number of tourists who paid with their preferred home payment app via Alipay+ rose by over 30 per cent during the championship period.
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.
Alan Ni, CEO of TNG eWallet, Malaysia, conveyed his appreciation, stating , “We are pleased to be recognized as one of Alipay+’s esteemed International eWallet partners. Similar to Alipay (Chinese mainland), these newly enabled wallets are now accepted at over 90% of the local outlets in Hong Kong.
To welcome overseas travelers, Ant Group, in collaboration with partners, has been rolling out extensive merchant and consumer education and marketing campaigns.
Among the 15 Alipay+ e-wallets and mobile partners accepted at over 400,000 merchants in Europe are Alipay (Chinese mainland), AlipayHK (Hong Kong SAR, China), MPay (Macao SAR, China), Touch ’n Go eWallet and MyPB by Public Bank Berhad (Malaysia), Hipay (Mongolia), GCash (The Philippines), OCBC Digital and Changi Pay (Singapore), TrueMoney (Thailand), (..)
Supported payment apps include Alipay (China), AlipayHK (Hong Kong SAR), MPay (Macao SAR), Touch ’n Go eWallet and MyPB (Malaysia), GCash (Philippines), Naver Pay and Toss Pay (South Korea), TrueMoney (Thailand), Hipay (Mongolia), Tinaba (Italy), Changi Pay, and OCBC Digital (Singapore).
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