Alibaba plans to boost Chinese payment service in major London stores

Tuesday 23 August 2016 00:27 CET | News

Alibaba is in discussions with London’s top retailers and hotel groups, including Harrods and Hilton owner IHG, as it plans a major UK push for its Chinese payment service.

Alipay, which is run by the financial arm of China’s online giant, is a mobile wallet that allows Chinese tourists to pay for things abroad.

The mobile payment app already has more than 450 million Chinese users, and in recent news, signed a deal with French payment processing firm Ingenico that will boost its infrastructure.

Amee Chande, managing director of Alibaba in the UK and Ireland, said the company planned to have Alipay accepted in major London stores and attractions by October, when thousands of Chinese tourists visit the capital during their mid-autumn festival holiday.

Chinese visitors spend GBP 2,176 each  on average on a visit to the UK, according to Visit Britain.

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Keywords: Alibaba, mobile payments, UK, store, China, retail, mobile wallet
Categories: Payments & Commerce | Mobile Payments
Countries: World
This article is part of category

Payments & Commerce