Launched in 2020, Alibaba affiliate Alipay+ provides services and technology tools to global merchants and e-wallets to enable their users to make payments in overseas markets using their local e-wallets.
So far, Alipay+ is accepted by global merchants both online and in-store across over 55 countries and regions using partner e-wallets such as the namesake Alipay, Touch and Go, and Kakao Pay.
And the company is actively growing its business as travel restrictions ease across Asia. For one, it worked with 4 Asian e-wallets including the Philippines’ GCash and Malaysia’s Touch’n Go expand into South Korea.
But what are Alipay+’s growth plans going forward and which markets are they eyeing next?
On Market View, Prime Time’s finance presenter Chua Tian Tian sat down with Jia Hang, Regional General Manager, Southeast Asia at Ant Group for more updates on this front - including an announcement on Alipay+’s partnership to bring more e-wallets to Japan, and how the company’s rolling out cross border digital marketing solutions for Burger King in Singapore.
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