Alipay partners European e-wallets for a common QR code for mobile payments

Six mobile wallets in Europe, together with Alipay, will collaborate and adopt a unified QR code for mobile payments, allowing users of each wallet to pay for their purchases across 10 countries in the continent.
The six European mobile wallets include Austria’s Bluecode, Finland’s ePassi and Pivo, Oslo’s Vipps, Spain’s Momo, as well as Portugal’s Pagaqui. The wallets are working with the Chinese payment provider towards rolling out a QR code format provided by Alipay so that users of any wallet will be able to make mobile payments at merchants across Europe that already accept payments for the other wallets.
Alipay users will also be able to pay at merchants that have already adopted the same QR code format.
The collaboration will bring together over 5 million users in Europe and over 190,000 merchants, according to a joint statement by the companies. EPassi and Bluecode will offer technical services to the participating wallets to simplify the integration process among them.
“We feel honored to help promote a smart lifestyle and digital experiences in Europe, while continuing to connect more merchants with more Chinese tourists,” said Eric Jing Xiandong, executive chairman and chief executive at Ant Financial Services, the operator of Alipay.
Ant Financial is an affiliate of New York-listed Alibaba Group Holding, the parent company of the South China Morning Post.
The collaboration between the different European mobile wallets will help provide a bigger market for these payments providers, since it will help connect “Europe’s thriving yet fragmented mobile payment landscape.”
Alipay and its rival, Tencent Holdings’ WeChat Pay, have in recent years made a concerted overseas push to capture a share of the lucrative growth in Chinese outbound tourism. Chinese tourists took 140 million trips overseas last year, according to China’s Ministry of Tourism.
Since its establishment, Ant Financial has amassed more than 1 billion annual active users together with its mobile wallet partners in Asia. It is currently valued at US$150 billion after raising about US$14 billion in the biggest-ever single fundraising round globally.
The two mobile payment platforms allow Chinese tourists to pay for their overseas shopping directly within the Alipay and WeChat apps, with purchases settled in yuan. Use of credit cards, by comparison, typically incurs foreign transaction fees.
Profile
AAC Cargo is an international Freight Forwarding company, based in Dubai, with a reputation for providing outstanding quality that continues to secure a loyal customer base. The Company has developed a strong, young management team, which together with the founding Directors are committed to working within established quality procedures to provide each customer with the most reliable personalized service and dedicated to the continuous development of both our people and our services.
We pride ourselves on providing a flexible and innovative approach to achieving solutions for our customers, helping them in turn to meet the increasing demands of their customers. Our greatest asset is our people. We are committed to giving them the necessary training and tools, including cutting-edge technology, to provide the highest level of customer attention in the transportation logistics industry.
We are a team of highly experienced professionals who served the shipping and transportation industry with dedication and distinction for a very long time. Our long experience helped us to develop very strong relationships with the Exporters, Importers, various Government organizations like Port Authorities, Customs, Chambers, Free Zone Authorities, etc. We leverage this enormous network for the benefit of our customers to provide the finest international transportation and logistics services.
We offer a complete range of logistic solutions at competitive prices, personalized customer service and a worldwide network of offices and affiliates among others. Our advanced and value added services together with our high ethical standards helps us gain the respect and appreciation of our customers. Our ability to create customized solutions in specialized areas such as industrial logistics and other critical areas of multimodal transportation is the result of our pragmatic approach.
AAC CARGO L.L.C, Dubai, U.A.E
www.aaccargo.com/en
Tel: +971 4 8880718
Air Freight | Sea Freight | Express Cargo | Courier Express | International Movers | Boat Relocation |Car Shipping | Parcel | Project Cargo | Fine Arts cargo




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International Cargo and LogisticsServices
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Air Freight, Sea Freight, Express Cargo, Courier Express, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo, Fine Arts cargo.

Air Freight, Sea Freight, Courier Express, International Movers, Boat Relocation, Car Shipping

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