Thursday, March 28, 2024

Alipay+ connects 2 million merchants in Japan as global tourists travel to the country for cherry blossom season

“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 travelers. 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.” ~Douglas Feagin, President of Ant International
Alipay+ connects 2 million merchants in Japan as global tourists travel to the country for cherry blossom season

As merchants in Japan prepare to welcome cherry blossom tourists from all over the world, Ant International announced that its cross-border mobile payment solution Alipay+ has connected two million merchants across the country, allowing businesses large and small to better serve global visitors by providing a seamless payment experience using their home country e-wallets.

There are 16 e-wallets and bank apps accepted in Japan via Alipay+, a suite of cross-border digital payment and digitalization technology solutions, namely:

Alipay (Chinese mainland)
“Japan is the first foreign destination of AlipayHK as it is one of the most favorite travel destinations for the 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 3.5 times and 5 times 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.” ~Ms. Venetia Lee, CEO of AlipayHK
MPay (Macao SAR China)
“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 travelers' 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.” ~Mr. John Sun, Chairman and CEO of Macau Pass
South Korea’s Kakao Pay
“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.” ~Mr. Won-Keun Shin, the CEO of Kakao Pay, a major acquirer in South Korea
Malaysia’s Touch ‘n Go eWallet
“As Malaysia's top eWallet 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.” ~Mr. Alan Ni, Chief Executive Officer of TNG Digital Sdn. Bhd., the operator of TNG eWallet
"Our long-standing partnership with Alipay+ has allowed us to be an indispensable companion for Filipino travelers 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." ~Mr. Ren-Ren Reyes, President and CEO of GXI (G-Xchange, Inc.), the mobile wallet operator of GCash
TrueMoney (Thailand)
“Japan ranks as one of the most popular destinations with approximately 1 million Thai travelers 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 travelers 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.” ~Ms. Monsinee Nakapanant, Co-President of Ascend Money, the operator of TrueMoney
AlipayHK (Hong Kong SAR China)
Naver Pay and Toss
Singapore’s OCBC Digital
Changi Pay and EZ-Link
MyPB by Public Bank Berhad
Hipay (Mongolia)
Tinaba (Italy)

Powered by Alipay+, e-wallet and bank app transaction volume in Japan increased by more than 200% in the first three weeks of March when compared to the same period in 2023. During a press conference in Tokyo, Douglas Feagin, President of Ant International, stated that transaction value is expected to account for approximately 10% of total spending by users while in the country.

Among all, 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 seeing rapid growth in transactions.

Ren-Ren Reyes, President & CEO, GXI

In Asakusa, a vibrant neighborhood and popular tourist destination with small souvenir shops and snack stalls, an increasing number of merchants are leveraging the simplicity of QR code to do businesses. The monthly cross-border mobile transaction volume is more than 5 times higher on average.

At Daimaru Matsuzakaya Department Stores, a flagship department store chain in Japan, transaction volume made by Alipay+ partner e-wallets and bank apps rose over 10 times in the first two months of this year, compared with the same period last year.

Monsinee Nakapanant, Co-President, Ascend Money (operator of TrueMoney)

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.

Alan Ni, CEO, TNG Digital

“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.” ~Mr. Akito Kimura, Manager of Inbound Business Division for Daimaru Matsuzakaya Department Stores

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.

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