Alipay, the Chinese digital payment giant owned by ecommerce giant Alibaba, is expanding in the US.<\/p>\n
Customers will be able to use Alipay at about 4 million businesses after a deal was signed with credit card processing service First Data.<\/p>\n
The deal is chiefly aimed at Chinese tourists visiting North America.<\/p>\n
It follows a small trial in California and New York, and brings Alipay into direct competition with the likes of ApplePay, Android Pay and PayPal.<\/p>\n
Along with rival WeChat, Alipay dominates the Chinese mobile payments market, and both firms are looking to increase their presence abroad.<\/p>\n
But there are also signs of US firms in the same industry looking for opportunities in China.<\/p>\n
In February, Apple teamed up with China’s state-owned bankcard association, China Union Pay, allowing the lender’s cardholders to use ApplePay.<\/p>\n
Globally Alipay has about 450 million customers. As well as online payments and money transfers, users can also hail a taxi, book a hotel and buy movie tickets directly from the within the app.<\/p>\n
Owned by Jack Ma’s Ant Financial, it is Alibaba’s digital payments arm.<\/p>\n
Earlier this year Ant Financial bought US-based MoneyGram for $880m (\u00a3700m). MoneyGram has about 350,000 outlets in nearly 200 countries. That takeover is under review, and needs regulatory approval from the US Committee on Foreign Investment.<\/p>\n
–<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Alipay, the Chinese digital payment giant owned by ecommerce giant Alibaba, is expanding in the US. Customers will be able to use Alipay at about 4 million businesses after a deal was signed with credit card processing service First Data. The deal is chiefly aimed at Chinese tourists visiting North America. It follows a small […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[106],"tags":[6933,6934,6935],"class_list":["post-317587","post","type-post","status-publish","format-standard","hentry","category-technology","tag-alipay","tag-ecommerce","tag-moneygram"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/317587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=317587"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/317587\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=317587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=317587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=317587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}