Introduced by Ant Group in 2020, Alipay+ is a suite of solutions that allow businesses, especially SMEs, to accept cross-border payment methods, such as localised e-wallets from other Asian countries. Alipay+ also provides merchants with digital marketing solutions.
By adopting Alipay+, Nets' merchants will be able to accept payments in Singapore currency from users of e-wallets in Asia, who will pay in their home wallet currency.
Ant did not specify which e-wallets are on board Alipay+. The company is invested in a range of South-east Asian e-wallets, including Ascend Money (Thailand), eMonkey (Vietnam), TNG Digital (Malaysia), Dana (Indonesia) and GCash (The Philippines).
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