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Economic Watch: China Carefully Returns to Work Amid the Anti-epidemic Battle

Policeman Wu Shengzao (1st L) patrols with his colleagues at the Daxing International Airport in Beijing, capital of China, Feb. 1, 2020. (Photo by Peng Ziyang/Xinhua)

BEIJING, Feb. 10 (Xinhua) — Chinese authorities are carefully balancing efforts to control the novel coronavirus epidemic and minimize its impact on the economy as millions of people head back to work Monday after an extended holiday.

In a circular released over the weekend, the State Council, or China’s cabinet, urged efforts to protect workers from getting infected and meanwhile resume production as soon as possible.

Companies providing epidemic control supplies and services such as medical material and daily necessities are among the first groups to resume work and have already begun racing back to full capacity to fight the novel coronavirus outbreak.

The virus was first detected in central China’s city of Wuhan in December. Easy to transmit from person to person, it has kept people indoors and led to a sharp increase in demand for protective equipment like masks and goggles.

About 73 percent of the country’s mask production capacity had been recovered by Friday, according to Chen Da, an official with the National Development and Reform Commission, the country’s top economic planner. For medical masks, the rate has gone up to 87 percent.

Trucks loading medical devices set out for Hubei Province, in Qinhuangdao, north China’s Hebei Province, Feb. 5, 2020. Two vehicles carrying ten medical devices donated by a medical system enterprise in Qinhuangdao set out to help hospitals in Xianning City of Hubei fight against novel coronavirus outbreak. (Xinhua/Yang Shiyao)

Courier companies are also resuming service Monday as they are essential to meet people’s daily needs and guarantee the delivery of resources for epidemic control.

Logistics companies are expected to restore over 40 percent of their normal handling capacity by mid-February and continue to increase the capacity according to the development of the epidemic outbreak, according to the State Post Bureau.

For other sectors, production is recommencing in a steady but more gradual manner as both authorities and entrepreneurs are cautious over the novel coronavirus epidemic which has killed 908 and infected more than 40,000 on the Chinese mainland by Sunday.

In Shanghai, the latest official survey showed that more than 80 percent of the local manufacturing companies are willing to resume work, of which about 70 percent have already done so.

Meanwhile, 80 percent of Shanghai’s software and information service enterprises have returned to work, and 70 percent of their employees have chosen to work from home using telecommuting and video teleconference services to avoid infection.

Wu Jinzhong, head of eyewear maker Roring Industries in China’s southeastern Fujian Province, said only half of his 900 employees would resume work Monday.

“We advised workers outside the province not to rush back, while local employees need to be investigated whether they have traveled out of town in the past two weeks,” he said.

Wu said he has also increased spending to prevent the disease, including providing larger workspaces and essential protection materials like face masks.

People make protective suits at the workshop of a company in Fuzhou, southeast China’s Fujian Province, Feb. 2, 2020. To help fight the outbreak of pneumonia caused by novel coronavirus, workers of many medical material companies rushed to work ahead of schedule. (Xinhua/Lin Shanchuan)

To support small and medium-sized enterprises (SMEs) in work resumption, the Ministry of Industry and Information Technology (MIIT) has pledged to help with the supply and transportation of raw materials as well as protective gear like masks and body temperature detectors.

Local governments are encouraged to reduce or waive taxes and administrative fees on certain SMEs, increase subsidies to corporate training programs and extend the payment deadline for their electricity and gas bills to back them in harsh times, said the MIIT.

Likewise, local governments are ordered to take measures to help foreign-funded companies resume production and operation in an orderly manner.

Particular support shall go to large foreign investment projects, according to the commerce ministry, which called for coordinated efforts to solve their difficulties and minimize the impacts of the epidemic.

Now with the country heading back to work, many are confident that the potential economic blow brought by the national production halt is expected to be only a short-term, one-off hit against China’s solid economic foundation.

The epidemic might disturb economic activities in the first quarter of this year, but the economy is likely to steady shortly after the epidemic is contained, as the unleashing of pent-up demands will make up for previous weak economic performance, said Pan Gongsheng, vice governor of China’s central bank.

science world vancouver family day children chinese education future imax teaching

Vancouver Science World Accept Alipay and WeChat Pay to Bring The Future to Science

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Vancouver, Canada – (Dec 21th, 2019)  AlphaPay, a major influencer in the borderless payment technology company, announced that it has launched a partnership with Telus World of Science (“Science World”) to add world’s leading mobile payments technology Alipay and WeChat Pay to Science World powered by AlphaPay. This new payment technology enabled mobile payment users to pay by scanning its QR code on Alipay or WeChat Pay at Science World. 

For the past generation, Science World British Columbia has been widely respected throughout BC and across Canada as a vibrant centre for informal learning. Built for the 1986 World’s Fair, Science World is the modern-looking landmark building at the east end of False Creek that looks like it has a giant mirrored ball on top. Inside that ball is the OMNIMAX Theatre where visitors can see terrific films on the world’s largest domed movie screen. Science World is full of entertaining and scientific displays and activities. It’s highly recommended for young children (preschool and elementary aged), but also for people of all ages (and especially those accompanying young children). Higher volume of visitors travelling from overseas drives in the demand of Chinese mobile payment acceptance for Science World because of its popularity among Chinese families. 

It’s a shared mission for AlphaPay, Alipay and WeChat Pay to help hundreds of millions of Chinese families with preferable payment method when travelling overseas with their children. AlphaPay is proud to assist in the process of offering Science World the payment method with which they are most comfortable. Chinese visitors are expected to be up 40% in 2020 compared with 2019. A recent Nielsen report also revealed that 91% of Chinese tourists travelling abroad would likely spend more if merchants accepted Chinese mobile payment channels.

The partnership also sees Science World automatically enrolled in Alipay’s merchant listings, which instantly increases awareness of its location to visitors by pushing notifications on their phones where they can see as activities and exhibitions, business hours, get directions and even purchase coupons to Science World. AlphaPay is excited to be working with Science World to bring future to science. This partnership will enhance Science World appeal to Chinese mobile users by providing them with familiar payment experience they enjoy at home and by completing transactions in Chinese Yuan. 

ABOUT Science World

Science World is a BC-based charitable organization that engages the people of British Columbia in STEAM literacy (science, technology, engineering, art and design, math). Their mission is to ignite wonder and empower dreams through science and nature. Their vision is that within a generation, Canada will be a country of thriving, sustainable communities rooted in science, innovation and a deep connection to nature. 

ABOUT AlphaPay 

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

Media Contact

AlphaPay 

media@alphapay.com 

Phone: 1-855-937-7888

 

China Eastern Airlines Expands Acceptance of Alipay and WeChat Pay Powered by AlphaPay at Vancouver International Airport

Vancouver, Canada – (Oct 2019)–AlphaPay and China Eastern Airlines Corporation Limited (China Eastern Airlines) established a partnership to bring Chinese mobile payment Alipay and WeChat Pay as payment choices, and are now available when booking or making transactions. China Eastern Airline now offers these secure payment options in North America for Chinese mobile payment users.

With increasing numbers of customers purchasing tickets in Canada and looking to use these alternate forms of payment, China Eastern Airlines is very pleased to expand AliPay and WeChat Pay options to bookings in Canada.

Enabling Chinese mobile payment by AlphaPay is an important element of retailers global expansion strategy as they are willing to increase their focus on providing services or products to international customers with their preferred method of payment when purchasing outside China.

AlphaPay provides Alipay and WeChat Pay channels to make it easy for the airline to expand, adding new payment methods as needed without requiring individual contracts, or additional development work. China Eastern Airlines customers are able to transact locally and fly to worldwide.

When enable Chinese mobile payment gateway provided AlphaPay, mobile payment users can simply tap their mobile devices on AlphaPay’s merchants’ end. Merchants can offer their customers the convenience of faster transaction times and increased limits for signature-less transactions. AlphaPay is particularly useful within several merchant categories where speed and convenience are essential, such as quick-service from F&B, hotels, retail, e-commerce, education, supermarkets, car rental, travel and logistics .

ABOUT China Eastern Airlines Corporation Limited

China Eastern Airlines Corporation Limited has its headquarter located in Shanghai. As one of the three major airlines in mainland China, it flies a fleet of more than 430 long-haul and short-haul aircraft with an average age of less than seven years, China Eastern serves nearly 80 million travelers annually and ranks among the world’s top 5 airlines in terms of passenger transportation volume. As an official member of SkyTeam, China Eastern has extended its flight network from Shanghai to 1000 cities in 187 countries via close cooperation with SkyTeam member airlines. Members of Eastern Miles can participate the mileage accumulate and redeem program, enjoy member benefits and use any one of the 525 VIP lounges across the world within all 19 SkyTeam member airlines.

ABOUT AlphaPay

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

Media Contact
AlphaPay
media@alphapay.com
Phone: 1-855-937-7888

T&T Supermarket Now Accepting Alipay and WeChat Pay

Oct. 04, 2019 (AlphaPay, RICHMOND, British Columbia) — AlphaPay, the leading cross-border payments solution provider, today announces the national integration of its mobile payment technology into T&T Supermarket (“T&T”), Canada’s largest Asian supermarket chain. With this new technology, T&T now accepts transactions from mobile-based payment platforms used widely by Canada’s Chinese consumers – Alipay and WeChat Pay – at the point-of-sale through one streamlined platform powered by AlphaPay. This integration will enable T&T’s 27 locations across the country to better serve the growing Asian consumer demographic, and provide the most convenient payment method to their customers.

“We are thrilled to have the support of T&T, Canada’s largest Asian foods market chain, as they roll out our AlphaPay solution in retail locations across the country. The tourism market from China has been growing significantly over the last decade in Canada, something that’s been further accentuated today as we find ourselves in the midst of Golden Week – a semi-annual Chinese national holiday,” said Jason Gu & Albert Sun, Founders of AlphaPay. “We are excited at the potential impact and uptake of AlphaPay, and the prospect of providing a seamless technology that solves the inefficiencies and numerous other challenges posed by cross-border spending.”

AlphaPay’s integrated payment solution enables merchants and consumers to quickly and conveniently transact secure, encrypted payments. Consumers present the dynamic payment QR code of their Alipay or WeChat Pay mobile app at the time of purchase, which is then scanned by T&T via the POS scanner, instantly completing payment. Funds are debited directly from the customer’s Chinese bank account, removing all processing issues that are typically associated with cross-border payments, spending limitations and exchange rates.

“Our customers, both local and visiting, are looking for convenience and all the amenities of home when they visit a T&T Supermarket,” said Tina Lee, CEO T&T Supermarkets.  “This new technology provides a seamless checkout experience, and one that is familiar and easy for them, so they can worry less about their payments and focus more on their meals.”

The rise in overseas travel from China and spending by Chinese consumers – as high as $341 billion CAD in 2018 alone – emphasizes the impact of AlphaPay’s all-in-one payment solution on the Canadian market. WeChat alone has over 1.2 billion users globally, roughly 2 million of which reside in Canada.


About T&T Supermarket

T&T Supermarkets is the largest Asian supermarket chain in Canada, operating stores in British Columbia, Alberta, and Ontario. T&T Supermarkets was founded in Vancouver in 1993 and is now led by second generation successor and CEO, Tina Lee. T&T Supermarkets is headquartered in Richmond, BC, with offices in Toronto, ON.

About AlphaPay

AlphaPay is a major influencer in the borderless payment technology industry in Canada. As a forward-thinking FinTech company, AlphaPay has developed and distributed payment technology services to bridge the gap between Canadian businesses and 1.4 billion users of Alipay, WeChat Pay, and UnionPay through borderless payment technology.

With a global network and revolutionary payment technology, we strive to deliver the most advanced equipment to AlphaPay’s merchants. Along with mobile payment solutions and in-house e-commerce and IT team, we have developed a full-service payment-marketing cycle and by providing analytical marketing solutions to enable them to reach a worldwide network of merchants and consumers. For more information, visit: www.alphapay.com.

Media Contact

AlphaPay

media@alphapay.com

1-855-937-7888

AlphaPay’s New Collaboration with Herschel Supply Co. for Its Growth Among Chinese Mobile Payment Users

Vancouver, Canada – (Sep, 2018)–Herschel Supply Co. (“Herschel”), a design-driven global lifestyle brand. Headquartered in Vancouver, Canada, Herschel is known for transforming the classic backpack and offering other timeless accessory products. AlphaPay, the Vancouver based FinTech company, dedicated to bridging the gap between Canadian merchants and Chinese customers. This collaboration, by enabling advanced payment technology in Herschel’s stores in the Lower Mainland, allows customers to pay with Alipay and WeChat pay on their mobile devices.

Herschel is originally known for its contemporary renditions of classic backpack silhouettes, Herschel’s range has since enlarged now. There is luggage, a versatile selection of totes, duffels, messengers, apparel, and seemingly endless pipeline of things to come through its dedication to quality and adventure. As a street fashion brand, Herschel is expanding, and continues to rack up partnerships with valuable global brands: Disney, Starbucks, Coca Cola and Stussy has shown the versatility of the products, customers from all over the world collect its collaborative products with the Herschel stamp giving it authenticity and long-term loyalty.

With the partnership with AlphaPay, the mobile payment acceptance enables in multiple Herschel locations, Chinese mobile users can easily pay with their home currency on their mobile devices, and able to purchase Herschel’s variety products for whatever reasons they need.

Additional benefits deliver to AlphaPay’s merchants will be providing marketing channels for branding on Alipay’s Discovery platform, the lifestyle platform with a large user base. In the Alipay Discovery platform, Alipay users can also see as activities and exhibitions, business hours, get directions and even purchase coupons to Herschel. It instantly shows the results such as: grow the Company, increase brand awareness and extend its global footprint as it transforms into a culturally relevant lifestyle brand.

The partnership with AlphaPay will help Herschel build up an image as a global iconic brand that transcends cultures, ages, genders, and demographics, and expand to reach out to Chinese customers with timeless products that are part of global culture and synonymous with travel, experience and discovery.

AlphaPay is excited to conduct Canadian Merchants with Chinese mobile users, and will help all merchants achieve continued success with the knowledge of payment and marketing solutions for Chinese market.

ABOUT Herschel Supply Co.

Headquartered in Vancouver, Canada, Herschel Supply is a design-driven global lifestyle brand that produces timeless products with utility design. Founded in 2009 by brothers Jamie and Lyndon Cormack, Herschel Supply adopted the name of a small town where three generations of their family were raised.

Originally known for their contemporary renditions of classic backpack silhouettes, Herschel’s range has since expanded to include luggage, headwear, accessories, apparel, and more. Today, Herschel products are sold in over 90 countries with over 10,000 stockists worldwide and the support of over 200 employees across offices in Vancouver, New York, Los Angeles, Shanghai, and Hong Kong.

ABOUT AlphaPay

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

Media Contact
AlphaPay
media@alphapay.com
Phone: 1-855-937-7888

AlphaPay Established The Partnership with Eigen to Enable Integrated Alipay and WeChat Pay in North America

Vancouver, Canada – (Mar 2018)–In today’s mobile payment industry, AlphaPay is one of the world’s leading FinTech companies and an official payment acquirer of two Chinese mobile payment giants–Alipay and WeChat Pay in North American Market. With its full-service for local merchant, AlphaPay foothold its service by collaborating with Eigen Development Ltd.(“Eigen”), a leading provider of PCI-validated point-to-point encryption (P2PE) managed payment solutions for the retail, restaurant and hospitality industries in North America.

AlphaPay provides a number of mobile payment solutions and enables acceptance of contactless and borderless payments, such as Alipay and WeChat Pay. A merchant using AlphaPay’s cross border payment solution will benefit from improved payment methods, automated process, streamlined reconciliation, and eligibility for business owners to review statements.

Eigen’s integrated solutions are implemented at a wide range of industries in North America, including sports and entertainment venues, airports, food service providers, casinos, table service restaurants and QSR restaurants. Eigen is now adapting mobile payment technology powered by AlphaPay to process Alipay and WeChat Pay on mobile devices in the U.S. and Canada, supporting the vast majority of merchants in North America.

Just as more and more stores have hired Chinese staff to communicate with Chinese customers in their mother tongue, more Canadian retailers may feel the need to accept Chinese mobile payment such as Alipay and WeChat pay to provide a better service for Chinese customers. These two dominant operators, Alipay, which is run by Alibaba-affiliate Ant Financial, and WeChat Pay, which is tied to Tencent’s ubiquitous Chinese messaging app, WeChat will cover 90% of the Chinese mobile users as potential customers for Canadian merchants.

ABOUT Eigen Development

Eigen has been providing premier integrated payment solutions to North American merchants for over 25 years. Eigen’s suite of managed payment solutions work seamlessly with leading retail, restaurant and hospitality Point of Sale (POS) systems, offering features such as P2PE, contactless NFC (Apple Pay, Samsung Pay) and Pay at the Table (PATT), with support for EMV, tokenization, Gift Card, E-commerce and online ordering. Our Complete Payments Management approach results in secure, reliable and fast payment transactions. Eigen is a Gold Partner member of the Oracle Partner Network.

ABOUT AlphaPay 

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

 

Media Contact 

AlphaPay

media@alphapay.com

Phone: 1-855-937-7888