French payments processing group Ingenico has struck an alliance with China’s Alipay that will enable Chinese tourists visiting Europe to pay for goods and services using the platform’s popular e-wallet.
The Paris-based payments software and terminals producer said the partnership would allow thousands of European merchants — from supermarkets and big retailers to restaurants and bars — to accept payments in-store via the Alipay app.
Alipay, the mobile payment service run by Alibaba Group’s financial affiliate Ant Financial Services Group, has expanded rapidly in mainland China, and the company now says it has 450m active users — representing an estimated 80 per cent of the country’s mobile payments market.
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