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Alipay aims to serve 10mn European SMEs over next five years

AlipayAlipay, the mobile payments and lifestyle platform owned by Ant Financial, aims to support 10 million SMEs in Europe over the next five years, it said in a statement on Thursday.

During the Alipay Partners Global Summit held in London, the company said it has extended its partnership with Worldline, allowing European merchants to accept payments through Alipay-enabled points of sale.

“Our aim is to improve the way in which individuals and businesses buy, sell and receive payments, and to do this, we need to draw upon the strength of our partnerships,” said Eric Jing, Chairman and CEO of Ant Financial, operator of Alipay.

“Our growth has only been possible due to the network of partners we have established, and working together, we will make it easier for anyone to do business anywhere. Our innovative solutions will continue to help merchants in Europe better serve the growing numbers of tourists as well as e-commerce shoppers coming to the region from all over the world,” he added.

Alipay serves over 1.2 billion users together with local e-wallet partners in the Republic of Korea, Thailand, Malaysia, the Philippines, Indonesia, India, Bangladesh, and Pakistan. Currently, Alipay collaborates with more than 120 financial institutions in Europe and is constantly adding more and more partnerships with travel service agencies and other types of third-party service providers, it added.

Additionally, Alipay has developed mini-programs to enhance tourists’ experience at airports around the world, offering services such as convenient payments and personalized recommendations.

Earlier this month, Alipay launched a version of the Alipay app that will support international debit or credit cards. Tourists visiting China will be able to download and use the app during their trip, giving them access to the most popular form of payment in the country.

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