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Source: Ant International. Alipay+ - and the local payment methods it supports - is now offered by 2 million Japanese merchants. |
Ant International's cross-border
mobile payment solution
Alipay+ has connected 2 million merchants across Japan, enabling local businesses to accept payments from customers using their home country e-wallets.
Sixteen e-wallets and bank apps are now accepted in Japan via Alipay+, a suite of cross-
border digital payment and digitalisation technology solutions, including the following in the Asia Pacific region:
- Alipay (Chinese mainland)
- AlipayHK (Hong Kong SAR China)
- MPay (Macao SAR China)
- Kakao Pay (South Korea)
- Naver Pay (South Korea)
- Toss (South Korea)
- OCBC Digital (Singapore)
- Changi Pay (Singapore)
- EZ-Link (Singapore)
- Touch ‘n Go eWallet (Malaysia)
- MyPB by Public Bank (Malaysia)
- GCash (Philippines)
- HelloMoney (Philippines)
- TrueMoney (Thailand)
- Hipay (Mongolia)
Powered by Alipay+, transaction volume made by e-wallets and bank apps in Japan
jumped over 200% in the first three weeks of March, compared with the same period in
2023. Transaction value is estimated to account for about 10% of total spending among
users during their stay in the country, shared Douglas Feagin, President of Ant International.
Another positive indicator is transaction volume from Alipay+ partner e-wallets and bank apps at Daimaru Matsuzakaya Department Stores, a flagship department store chain in Japan. This figure rose over 10x in the first two months of this year, compared with the same period last year.
Akito Kimura, Manager of Inbound Business Division for Daimaru Matsuzakaya
Department Stores said: “Starting with connecting Alipay to make Chinese customers
more at home, we are pleased to expand our partnership with Ant International by
integrating with Alipay+. This will allow us to accommodate the preferred payment
methods of our international customers through simple integration.
"We look forward to
working together to drive more innovation, ensuring all customers can enjoy a
memorable and peace-of-mind shopping experience at our stores.”
Feagin added: “We are grateful to our over 40 local acquiring partners in Japan,
including both big institutions as well as small ones that only have several employees, for
their tremendous support to promote a seamless, transparent and efficient experience
together for local businesses and international travellers.
“By working with these partners, Alipay+ provides global tourists with a seamless digital
payment experience that is the same as in their own markets. Without any extra efforts,
tourists can make purchases by simply scanning the QR code at merchants of all size,
without worrying about foreign currency exchange or any language barriers.”
Alipay, AlipayHK, Kakao Pay, Touch ‘n Go eWallet, GCash and TrueMoney
are among the most popular e-wallets used by travellers to Japan, while MPay, Naver
Pay and Toss are seeing rapid growth in transactions, Ant International said.
Venetia Lee, CEO of AlipayHK said: “Japan is the first foreign destination of
AlipayHK as it is one of the most favoured travel destinations for Hong Kong residents.
Powered by Alipay+, Hong Kong people can now use AlipayHK to make purchases at
local stores and use car-hailing in Japan, which are settled in Hong Kong dollars with
competitive exchange rates in the market.
"With the increasing acceptance of Alipay+
among local merchants in Japan, the daily transaction values and volumes of AlipayHK in
the country in the first quarter have surged 3.5x and 5x over the previous
quarter. I am confident that the usage of AlipayHK will continue to grow in Japan on the
back of the strong adoption of Alipay+ services among the Japanese merchants.”
Ren-Ren Reyes, President and CEO of GXI (G-Xchange Inc.), the mobile wallet
operator of GCash said: "Our long-standing partnership with Alipay+ has allowed us to
be an indispensable companion for Filipino travellers in now 47 countries and territories
around the world. We are glad to continue strengthening our collaboration with Alipay+ to
ensure every Filipino has a seamless and secure cashless payment option when they
travel abroad."
Won-Keun Shin, the CEO of Kakao Pay, a major acquirer in South Korea, said,
“We are glad that users can easily and conveniently pay with Kakao Pay at 2 million large
and small merchants in Japan, one of the most visited countries by Korean tourists.
Through discussions with Alipay+ as well as several e-wallet partners representing each
country, we will accelerate global expansion and provide more benefits.”
John Sun, Chairman and CEO of Macau Pass, stated, “As the leading mobile
payment e-wallet in Macao, MPay, together with Alipay+ which has launched a suite of
innovative digital cross-border solutions, strives to create a smart e-wallet that facilitates
Macao residents to travel globally. This could also solve the issues they encounter with
payment while travelling overseas, thus improve travellers' payment and shopping
experience.
"MPay will continue to expand in e-payments, lifestyle services, and
marketing technology services to develop more open and diversified intelligent payment
business scenarios.”
Alan Ni, CEO, TNG Digital, the operator of TNG eWallet, said: “As Malaysia's top e-wallet provider, we're committed to serving users
locally and expanding globally. Our partnership with Alipay+ has seen transactions surge
sixfold this year, specifically in Japan, a true testament to our dedication to innovative
payment solutions. With over half of Malaysia entrusting TNG eWallet as their preferred
digital payment and financial services provider, we aim to be the ultimate travel
companion, ensuring easy and safe transactions wherever our users go.”
Monsinee Nakapanant, Co-President of Ascend Money, the operator of
TrueMoney stated: “Japan ranks as one of the most popular destinations with
approximately 1 million Thai travellers each year. We are pleased to work with Alipay+ to
create more inclusive cross-border payments and enable Thais to enjoy safe, real-time,
and cost-effective payments with their accustomed home wallet TrueMoney. Enabling the
travellers to connect with Japanese merchants of all sizes will also expand their
experiences of local culture and people that would make their trip more memorable.”
Introduced by Ant International in 2020, Alipay+ now connects over 88 million merchants
in 57 countries and regions to 1.5 billion consumer accounts on over 25 e-wallets and
bank apps, allowing consumers to travel and pay hassle-free globally, and merchants to
build out cross-border consumer engagement and digital marketing.
The service builds on Alipay+’s extensive regional partnerships, including those with
national QR schemes including Singapore’s SGQR, Malaysia’s PayNet, South Korea’s
ZeroPay, Sri Lanka's LankaPay and Cambodia's KHQR.