Ron Burgundy Posted September 26, 2016 Share Posted September 26, 2016 China's Alipay payment platform has inked deals with 10 overseas airports as it looks to expand on the back of Chinese consumers' growing appetite for travel, and has already signed up more than 80,000 merchants worldwide, a senior executive said on Monday. Alipay, whose platform offers services ranging from bill payment to money transfers, is making rapid inroads in more developed markets such as the United States and South Korea, and can now be used in upscale department stores such as Harrods in London, Douglas Feagin, senior vice president of global business at Ant Financial Services Group, told Reuters in an interview. Ant Financial, an affiliate of e-commerce giant Alibaba, is focusing on markets favored by Chinese travelers, who numbered 120 million last year and spent $104.5 billion, according to the China Outbound Tourism Research Institute. View the full article Quote Link to comment Share on other sites More sharing options...
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