Alipay to Support Overseas Users in 1-2 Months
DoNews, 10/19/11
Chinese third-party payment processor Alipay said today that it had completed technical preparations to allow international users to access the service. Within the next one to two months, overseas users will be able to use Alipay to make payments and purchase items from Taobao, Taobao Mall, and other e-commerce sites in China.
An Alipay employee said that the company was in talks with major international credit card companies to allow subscribers to make payments directly through the service after filling out necessary data for verification.
The new service could initially open to travel, hotel, and education services. Taobao is expected to implement the new service within the next one to two months.
Alipay had previously opened its service to Visa and MasterCard users in Hong Kong, Taiwan, and Macau making purchases from Taobao. The company now has nearly 1 mln subscribers in the regions. Alipay is also undertaking technical upgrades that will allow it to support 30 mln transactions per day by the end of 2012.
Editor's Note: For more information on this topic, please see "Alipay to Support MasterCard in Greater China," MD 4/21/10 issue.
Keywords: online payment e-payment e-commerce Internet overseas Alipay third-party payment transaction volume
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