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News

NEOPAY partners with Alipay+

Friday 29 September 2023 13:34 CET | News

UAE-based NEOPAY has partnered with Alipay+ to expand its digital payments offering for merchants in the region. 

The initial integration of Alipay+’s cross-border digital payment and marketing solutions is available at approximately 2,000 store locations, including shopping malls, luxury stores, supermarkets, and restaurants, across the UAE. Through this collaboration, NEOPAY aims to enhance the overall payment experience for international visitors.

UAE-based NEOPAY has partnered with Alipay+ to expand its digital payments offering for merchants in the region.

The partnership’s benefits

NEOPAY’s officials stated that the alliance with Alipay+ aligns with their commitment to deliver improved digital payments. UAE merchants are now able to integrate multiple Asian wallets, resulting in a simplified payment process. The existing solution will be upgraded to Alipay+ from the backend for all merchants. NEOPAY plans to further introduce Alipay+’s solution to more businesses throughout 2023.

Moreover, the partnership allows merchants to process various digital payment methods, therefore improving tourists’ experiences when visiting the UAE. According to officials, the two companies intend to provide merchants with more expansion opportunities and improve the retail landscape. 

More information about NEOPAY

As a payment subsidiary of Mashreq, NEOPAY’s offering includes merchant acquiring, issuing processing, consumer payment platforms, and several value-added services. Also, the company provides SMEs in the region with additional solutions, such as SaaS-based Enterprise Resource Planning (ERP) combined with payment capabilities.

Launched in March 2022, NEOPAY leverages technology and innovation, including card processing and merchant acquiring systems, processing switches, and POS inventory to provide simplified payment experiences to businesses and consumers. All systems used by the company are PCI DSS certified, ensuring that the subsidiary’s data security meets global standards.

Some of NEOPAY’s partners include Visa, Mastercard, Apple Pay, Google Pay, Samsung Pay, RuPay, and American Express, among others. 

Alipay+’s latest developments

Recently, Alipay+ entered multiple partnerships, including one with the Saudi Tourism Authority to provide a mobile payment experience for Asian tourists visiting Saudi Arabia. Through this, visitors will be able to have a more integrated payment experience by using their familiar home payment methods.

Moreover, ANZ Worldline partnered with Alipay+ to enable customers and businesses in Australia to accept payments through the latter’s services. This offers Australians access to six digital wallets, including Kakao Pay, Touch ‘n Go eWallet, TrueMoney, AlipayHK, Alipay, and GCash.

At the beginning of September 2023, Network International launched Alipay+ in the UAE, aiming to enable the acceptance of several global e-wallets in the UAE. The collaboration allows the company’s partners to access Alipay+’s e-wallet allies, resulting in connecting them to over 1.4 billion customers across the world. 

Source: Link


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Keywords: partnership, mobile payments, mobile money, e-wallet, digital wallet, payment methods
Categories: Payments & Commerce
Companies: Alipay+
Countries: United Arab Emirates
This article is part of category

Payments & Commerce

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Alipay+

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