Vancouver, Canada – (Jan, 2020)– AlphaPay’s foothold in the advanced payment industry with forward-thinking affirmation and honored recognition by our partners. AlphaPay enhances its strong strength in the cross-border payment field and solidates the foundation for further in-depth cooperation with Alipay.
While Alipay has grown rapidly in its recent years of Canadian operations, the Chinese mobile payment giant works with AlphaPay and this collaboration involves the focus of spending patterns of tourists, students and other consumers from China, rather than potential local consumers. During this annual award event, Alipay shared its successful business strategy and potential business opportunities in North America. AlphaPay is inspired by the discussion with Alipay and structured future market strategies to connect local businesses to the world market with endless possibilities.
Through the continued partnership with Alipay, winning the “Best Business Development” award summarized AlphaPay’s accomplishment for the past years. In the future, Alpha Pay will continue to adhere to the principles of “empower the partnership to benefit all sizes of businesses” with Alipay, and provide customized payment solutions for local merchants to expand their business outreach by integrating Chinese mobile payment technology.
Over the past few years, mobile payment technology is rapidly growing and getting popularized in North America. The overseas journey has just begun from “0 to 1” followed by the unlimited capabilities moving forward. AlphaPay believes that this year the Chinese mobile payment technology will begin to take off. Exploring the infinite possibilities beyond payment, it is the starting point of the transformation from “1-infinity”.
The mobile payment is gradually going global and becoming a payment trend according to people’s living habits. Mobile payment is everywhere in our daily lives from grocery shopping to international traveling. As one of the world’s largest payment platforms, Ant Financial’s Alipay—a breakthrough in traditional payment method with cash or card, and brought people into a e-wallet era.
Cross-border payment is one of the unique features of Alipay in overseas markets. Alipay partnered with local fintech companies such as AlphaPay. Integrating mobile payment technology into tens of thousands of merchants to service to Chinese tourists, Chinese overseas Chinese and overseas students in Canada with their preferred payment method. The real-time exchange rate and local currency settlement is more favorable than any other payment to settlement process.
In the future, AlphaPay will work with Alipay to provide a cross-border payment with full service experience for merchants in Canada. We will create an extraordinary ecosystem with payment and marketing solutions to initiate more local market activities on marketing platforms with full services in North America. AlphaPay and Alipay will always be working together to develop and improve cross border payment technology to bring the world unlimited possibilities for the future.
Launched in 2004, Alipay currently has over 450 million active users. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, make appointments with doctors, buy movie tickets, pay utility bills or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 2,000,000 brick-and-mortar merchants now accept Alipay across China. As of October 2016, Alipay is supported in 70 overseas markets, with in-store payments covering more than 100,000 retail stores, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 40 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese traveling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay supports the settlement of 18 currencies.
AlphaPay is a major influencer in the borderless payment technology space in Canada. As a forward-thinking FinTech company, AlphaPay has developed and distributed payment technology services to bridge the gap between North American businesses and 1.1 billion users of Alipay, WeChat Pay, and UnionPay through borderless payment technology. For more information: www.alphapay.com