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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.

From Great to Excellent! AlphaPay Received The Honor of The “Best Business Development Award” from Alipay

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.

ABOUT Alipay

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.

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 PR
media@alphapay.com
Phone: 1-855-937-7888
https://www.alphapay.com/

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

The Keg Steakhouse Enables Chinese Mobile Payment to Keep Its legacy Growing

Vancouver, Canada – (ALPHAPAY TO INSERT DATE)– To kick-off the new year of 2020, the Canadian-owned restaurant chain The Keg Steakhouse and Bar (“The Keg”) have enabled Chinese mobile payment—Alipay and WeChat Pay powered by AlphaPay in 14 locations across Canada.

As one of the top restaurant brands in Canada, The Keg is acknowledged as the number-one restaurant from the point-of-view of service and food. The Keg is well known for buying up historic properties, refurbishing them and turning them into restaurants, this restaurant chain became ironic and recognizable among residents and tourists from around the world.

The chain is working with AlphaPay, a forward-thinking Canadian Fintech company, specialized in cross border payment solutions to connect Chinese mobile payment users with Canadian business owners.  

This collaboration will allow customers to pay via Alipay and WeChat Pay to complete transactions on the mobile-based QR code payment platforms at The Keg. The new payment system simply implemented to the existing Eigen POS terminal which can integrate Alipay and WeChat Pay cross-border payment technology to their platform.

When customers dine at The Keg, the payment can be done either from customers by scanning The Keg’s POS terminal QR code signage or the server scans customers’ payment QR code on their mobile devices. The secured payment soon be done after inputting the pre-set password on customers end.

In particular, the cross-border payment technology is designed to convenient mobile payment users that are mainly Chinese and covered 93% of the mobile payment users among global Chinese community.

Since the tourism market from China has been growing significantly over the last decade in Canada, AlphaPay foresees the prospect of providing a borderless payment solution to help restaurant chain potentially reaching out to 1.1 billion overseas customers.

Moreover, AlphaPay’s payment solution is removing all processing issues that are typically associated with cross-border payment. For instance, more locations will follow as the restaurant chain claims to accept Ali Pay and WeChat Pay in Canada.

ABOUT The Keg

The Keg Steakhouse + Bar has been serving great steaks across Canada and the US for over 45 years. Quality has been a cornerstone of The Keg’s success since its first restaurant opened in Vancouver in 1971. The Keg’s focus has been, and continues to be, on providing exceptional service and quality food in a comfortable atmosphere for its guests.

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

Tel: 1-855-937-7888

Email: media@alphapay.com

Steve Nash Fitness World and Sports Clubs Are Now Accepting Alipay And WeChat Pay

Vancouver, Canada – (Mar, 2019)–AlphaPay, a Canadian FinTech company with advanced payment technology, navigates Canadian merchants to the ever-growing Chinese market; SNFW B.C. Ltd., Western Canada’s largest player in the fitness landscape, services for B.C residents for nearly 60 year, now established the partnership to accept Alipay and WeChat Pay to deliver a better service experience for Chinese mobile users.

SNFW B.C. Ltd. is dedicated to the experienced growth due to the quality of its team, facilities, and service offering. It’s this growth that allows the company to expand its portfolio to meet the evolving consumer demands and provide a fitness solution for all consumers.  

Nowadays in China, the transformation from keeping bellyful to keeping healthy has been made, with growing numbers of Chinese people in all ages embracing a more active and healthy lifestyle, their spending habits are moving beyond consumer products. The country’s gym and fitness sectors make for a US$6 billion industry. Parallel to this growth is China’s rapidly expanding sportswear market, which is projected to hit US$43.10 billion by 2020, according to Euromonitor.

With the partnership with AlphaPay, the mobile payment acceptance enables in multiple SNFW locations, Chinese mobile users can easily pay with their home currency on their mobile devices, and able to join facilities such as fitness classes, personal training, and even professional boxing and martial arts which cater to people in all age groups.

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. It 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 SNFW.

In addition, with so much more time being spent at the gym, it is natural that the activewear industry is reaping the benefits as well. Chinese consumers are embracing changing trends and want the latest sportswear outfits to go with their new fitness regimes.

AlphaPay is excited to conduct Canadian Merchants with Chinese mobile users, and take both fitness and payment technology to the next level.

About SNFW                                                

SNFW is dedicated to developing the most effective training programs just for you. Whatever your goals are. Our community of members and staff share an energy that inspires the potential in us all. We’ve been helping people live a healthier life for almost 60 years. We’re all on a mission to achieve results and we’re not afraid to work for it.

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’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