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Transactions using Alipay+ in Japan increased by more than 200% in the first three weeks of March compared to the same period last year.
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Spending through e-wallets and banking apps from the 16 Alipay+ partners is estimated to account for 10% of total spending by users in Japan.
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Alipay, AlipayHK, Kakao Pay, Touch 'n Go eWallet, GCash, and TrueMoney are among the most popular e-wallets used by travelers to Japan, while MPay, Naver Pay, and Toss are rapidly increasing in transaction value. Increased has.
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Alipay+ has worked with more than 40 local acquiring partners to connect and service merchants.
Tokyo, March 28, 2024–(BUSINESS WIRE)–As Japanese merchants prepare to welcome cherry blossom viewing tourists from around the world, Ant International announced that its cross-border mobile payment solution, Alipay+, will The company announced that it has connected with 10,000 merchants and has made large-scale business possible. Or on a small scale, to better serve visitors around the world through a seamless payment experience with homegrown e-wallets.
Alipay+ is a suite of cross-border digital payments and digitization technology solutions that includes Alipay (Mainland China), AlipayHK (Hong Kong Special Administrative Region, China), MPay (Macau Special Administrative Region), South Korea's Kakao Pay, Naver Pay and Toss, OCBC Digital, Changi Pay and EZ-Link in Singapore, Touch 'n Go eWallet and Public Bank Berhad's MyPB in Malaysia, GCash and HelloMoney in the Philippines, TrueMoney (Thailand), Hipay (Mongolia) and Tinaba (Italy).
Thanks to Alipay+, transaction volumes through e-wallets and banking apps in Japan surged more than 200% in the first three weeks of March compared to the same period in 2023. Transaction value is estimated to account for approximately 10% of total global consumption. Users staying in Japan, Mr. Douglas Feagin, President of Ant International, He spoke at a press conference in Tokyo.
Among them, Alipay, AlipayHK, Kakao Pay, Touch 'n Go eWallet, GCash, and TrueMoney are among the most popular e-wallets used by travelers to Japan, while MPay, Naver Pay, and Toss are among the most popular e-wallets used by travelers to Japan. It is increasing rapidly.
Mr. Feagin “We are grateful for the generous support of our more than 40 local acquisition partners in Japan, both large institutions and small institutions with only a few employees, and are committed to providing seamless and transparent acquisition services for local and international companies. Together, we will promote a more efficient experience.” Traveler.
“By working with these partners, Alipay+ will provide tourists around the world with the same seamless digital payment experience as in their home markets. Tourists can use QR at merchants of all sizes without any special effort. Just scan the code and shop without worrying about currency exchange or language barriers. ”
In Asakusa, a vibrant area filled with small souvenir shops and snack stalls and a popular tourist destination, more and more merchants are taking advantage of the simplicity of QR codes to do business. PayPay, a leading cashless payment service and his Alipay+ partner in Japan, supports merchants and facilitates seamless transactions for both locals and tourists. In Asakusa, monthly cross-border mobile transaction volumes are on average more than five times higher, reflecting the growing trend of cashless payments in the region.
At Daimaru Matsuzakaya Department Store, Japan's flagship department store chain, transaction volume through Alipay+ partner e-wallets and banking apps increased more than 10 times in the first two months of this year compared to the same period last year.
Mr. Akito Kimura, Manager, Inbound Business Department, Daimaru Matsuzakaya Department Store “We are excited to expand our partnership with Ant International by integrating with Alipay+, starting by connecting Alipay to provide greater peace of mind for our Chinese customers. We look forward to working together to drive further innovation to ensure all customers have a memorable and worry-free shopping experience in our stores.”
AlipayHK CEO Venetia Lee said, “Japan is one of the most favorite travel destinations for Hong Kong residents, so Japan is the first overseas destination for AlipayHK. Thanks to Alipay+, Hong Kongers can now use AlipayHK to shop at local stores. In Japan, payments are made in Hong Kong dollars with a competitive exchange rate in the market, and with the increasing acceptance of Alipay+ among local merchants in Japan, Japan's AlipayHK's daily trading value and trading volume soared 3.5x and 5x in the first quarter. “With the strong adoption of his Alipay+ service among merchants in Japan, we are confident that the usage of his AlipayHK in Japan will continue to grow.”
Lenlen Reyes, President and CEO of GXI (G-Xchange, Inc.), GCash's mobile wallet operating company “Our long-standing partnership with Alipay+ has enabled us to now become an essential partner for Filipino travelers in 47 countries and territories around the world. We would like to continue to strengthen our collaboration with Alipay+ to ensure this.” Cashless payment options when traveling abroad. ”
Shin Won-geun, CEO of Kakao Pay, a major Korean acquisition company, said: “We are pleased that users can easily and conveniently pay with Kakao Pay at 2 million large and small stores in Japan, one of the countries most visited by Korean tourists.Alipay+ and multiple e-wallet partners representing each country Through consultation with the We will accelerate our global expansion and provide more benefits. ”
Mr. John Sun, Chairman and CEO of Macau Pass, said: “As Macau's leading mobile payment e-wallet, MPay, in collaboration with Alipay+, which has launched a series of innovative digital cross-border solutions, strives to create a smart e-wallet that facilitates global travel for Macau residents. “It also solves payment problems encountered while traveling abroad and improves the payment and shopping experience for travelers. MPay will continue to expand its e-payments, lifestyle services, and marketing technology services to provide even more We will continue to develop open and diverse intelligent payment business scenarios.”
Mr. Alan Nee, CEO of TNG Digital Sdn. Bhd., which operates TNG e-wallet, “As Malaysia's top e-wallet provider, we are committed to serving local users and expanding globally. Our partnership with Alipay+ has helped us see a 6x surge in transactions this year, especially in Japan. This is proof of our dedication to innovative payment solutions. With half of Malaysians trusting TNG eWallet as their preferred provider of digital payments and financial services, we support our users wherever they go. We aim to be the ultimate travel companion, ensuring easy and secure transactions.”
Monsigny Nakapanant, co-president of Ascend Money, which operates TrueMoney “Japan ranks as one of the most popular destinations visited by approximately 1 million Thai travelers every year. We are collaborating with Alipay+ to make cross-border payments more inclusive. We are happy to make this a reality and enable Thais to enjoy security, real-time, and cost savings.'' “Pay effectively using your familiar home wallet TrueMoney. Connecting travelers with Japanese merchants of all sizes.'' If you can do this, you will be able to expand your experience of the local culture and people, making your trip even more memorable.”
Introduced by Ant International in 2020, Alipay+ now connects more than 88 million merchants in 57 countries and territories to 1.5 billion consumer accounts on more than 25 e-wallets and banking apps, enabling consumers to We enable hassle-free travel and payments inside, and enable merchants to grow their business. Cross-border consumer engagement and digital marketing.
The service builds on Alipay+'s extensive regional partnerships, including national QR schemes such as Singapore's SGQR, Malaysia's PayNet, South Korea's ZeroPay, Sri Lanka's LankaPay and Cambodia's KHQR.
About Ant International
Headquartered in Singapore, Ant International powers the future of global commerce, enabling everyone and every business to thrive through digital innovation. In close collaboration with our partners, we help merchants of all sizes around the world realize their growth aspirations through a comprehensive solution of technology-driven digital payments and financial services.
About Alipay+
Alipay+ is a suite of cross-border digital payments and digitization technology solutions that helps connect merchants and consumers around the world. Consumers can enjoy seamless payments and a wide range of transaction options using their preferred payment methods while traveling abroad. Small and medium-sized businesses can use Alipay+ digital tools to increase efficiency and achieve omnichannel growth.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240327604903/ja/
contact address
Li Tao
tao.l@antgroup.com
Ant International
