AliPay is rapidly becoming a keystone payment method for businesses wanting to reach Chinese consumers, both home and abroad. Adding these payment options to the point of sale allows brands to now tap into an even larger revenue stream from Chinese consumers who are the largest spender, and fastest growing traveller segment in the UK.
Alipay is the most widely used third-party online/mobile payment service provider in China. With over 100 million daily transactions and over 800 million monthly active users. It is available in 70 markets and has already been adopted by over 3 million merchants worldwide.
A large share of Chinese consumers are using Alipay, among other digital payment methods, when they travel abroad. Nielsen reports that “69 [percent] of outbound Chinese tourists used mobile payment while abroad.”
Why Merchants should adopt Alipay
Accepting the familiar and preferred mobile payment options has become a necessity for retailers to deliver an exceptional customer experience that matches with the changing behaviour of today’s Chinese consumers. By enabling Chinese consumers, home and abroad, to pay using the Alipay app ensures they have the best shopping experience, unimpeded by any language or payment barriers.
Alipay also lets tourists find relevant nearby stores, make purchasing decisions and receive promotions via geolocation and push notifications. Offering to market to Chinese tourists before, during and after their visits boosting brand among the rapidly expanding group of Chinese overseas visitors.
Find out more about AliPay in-store