Alipay expands global footprint with First Data partnership
China’s biggest online and mobile payments platform, Alipay, has expanded its partnership agreement with US payment processor First Data, as both firms aim to provide payments services to Chinese tourists abroad. More than four million Chinese tourists visit the US and Canada annually and the North American collaboration is set to roll out in September this year. Talks are currently underway to extend the partnership to other destinations popular with Chinese, including Australia and Korea.
Extending partnership with US payment technology provider will cover a network of more than six million retailers and 4,000 financial institutions around the world