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ZeroPay brings Alipay+ to merchants in South Korea

By Gloria Methri

September 05, 2023

  • Alipay
  • Cross Border Payments
  • Digital Payments
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Alipay+, ZeroPay, Korea Easy Payment Foundation, Digital Payments, Cross Border Payments, QR Payments, FinTech, South KoreaKorea Easy Payment Foundation, the official operator of ZeroPay, has announced the introduction of Alipay+ global cross-border digital payments and marketing solutions at over 1.7 million merchants across South Korea. The move is aimed at ensuring a smooth and convenient experience for Asian tourists.

Starting today, users of six digital payment apps including Alipay, AlipayHK, MPay, TrueMoney, and Touch ‘n Go eWallet will be able to travel and shop cashless in the country, by simply scanning the ZeroPay QR placed at the merchant’s counter with their home e-wallet apps.

The collaboration between Alipay+ and ZeroPay through ICB is expected to enable Korean merchants, especially smaller ones, to offer a hassle-free payment experience for international tourists and increase their potential outreach to over 1.4 billion customers from China and Southeast Asia.

Introduced by the Seoul Metropolitan Government, ZeroPay is South Korea’s public QR-code-based digital payment service designed to help small businesses, with a direct transaction system. It enables zero-fee settlement for merchants and digital payments through e-wallets for consumers.

Commenting on the new partnership with ZeroPay, Danny Chung, General Manager of Ant Group in Korea, Australia, and New Zealand, said, “We have been striving to enhance the convenience of seamless payment services for Asian tourists visiting South Korea by connecting Korean merchants with a variety of mobile payment methods that their customers are most familiar and comfortable with. By partnering with ZeroPay, we are looking forward to driving more growth opportunities for local businesses and together playing a share to further solidify Korea’s position as one of the most popular destinations with its unique offerings and convenient experience.”

Hanyong Lee, CEO of ICB, said, “Through providing this service, we will help to revitalize inbound travel, which was dampened by COVID-19, creating an environment where more overseas tourists can pay with convenience in Korea. We expect that small businesses, which account for 94% of ZeroPay merchants, will pave the way in attracting foreign tourists through Alipay+.”

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