Verifone Partnership Expands Alipay Acceptance to Major Retailers in North America and Europe
October 24 2016 - 5:00PM
Business Wire
Customized service offering to enable retailers
with marketing and payment solutions leveraging the leading mobile
app used by hundreds of millions in China
To accommodate the nearly 100 million Chinese consumers who
annually travel abroad and use Alipay to make purchases, Verifone
(NYSE: PAY), a world leader in payment and commerce solutions, is
partnering with Alipay, a financial services and lifestyle app of
Ant Financial Services Group, to enable retailers in North America
and Europe.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20161024005450/en/
Using a mobile point-of-sale (mPOS) solution to accept Alipay
App payments at their stores, retailers can increase brand
visibility, and drive traffic and sales through Alipay’s in-app
marketing tool. With the Verifone e355 mPOS solution, retailers
will be able to accept Alipay anywhere in the store and implement
marketing campaigns targeting Chinese consumers who use the Alipay
app. Together, Verifone and Alipay will help retailers increase
foot-traffic and enhance the shopping experience for millions of
Chinese tourists.
“Scale, security and speed are important to us as we look to
enable our customers to walk into a store while traveling abroad
and pay for purchases with the Alipay App—just like they do here in
China,” said Douglas Feagin, SVP of Ant Financial Services Group
and Head of Alipay International. “Verifone has each of these
attributes, and as a trusted partner to global and national
retailers, we benefit from Verifone’s scale to bring broader Alipay
acceptance for Chinese consumers who travel abroad.”
The most widely used payment method in China with 450 million
active users; Alipay holds nearly 70 percent of the country’s
third-party mobile payment market share and processed more than 160
million daily transactions as of June 2016.
“By expanding Alipay acceptance across many boarders for an
easy, frictionless traveling and shopping experience, Verifone is
creating a future that takes the convenient cashless payment
experience to the next level for Chinese consumers wherever they
are,” said Albert Liu, EVP, Corporate Development, Verifone. “The
potential of Verifone’s footprint of installed devices in more than
150 countries means we are connecting retailers to increasing
opportunities to engage and serve global consumers from the
POS.”
Verifone and Alipay will be showcasing Alipay App acceptance on
the Verifone e355 at Money20/20 (Verifone booth #2414), October
23-26 in Las Vegas.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current
expectations or beliefs and on currently available competitive,
financial and economic data and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from
those expressed or implied by the forward-looking statements herein
due to changes in economic, business, competitive, technological
and/or regulatory factors, and other risks and uncertainties
affecting the operation of the business of VeriFone Systems, Inc.,
including many factors beyond our control. These risks and
uncertainties include, but are not limited to, those associated
with: successful rollout of our Alipay acceptance solution with
retailers, execution of our strategic plan and business initiatives
and whether the expected benefits of our plan and initiatives are
achieved, short product cycles and rapidly changing technologies,
our ability to maintain competitive leadership position with
respect to our payment solution offerings, our assumptions,
judgments and estimates regarding the impact on our business of the
continued uncertainty in the global economic environment and
financial markets, our ability to successfully integrate acquired
businesses into our business and operations, our ability to protect
against fraud, the status of our relationship with and condition of
third parties such as our contract manufacturers, distributors and
key suppliers upon whom we rely in the conduct of our business, our
dependence on a limited number of customers, the conduct of our
business and operations internationally, our ability to effectively
hedge our exposure to foreign currency exchange rate fluctuations,
and our dependence on a limited number of key employees. For a
further list and description of the risks and uncertainties
affecting the operations of our business, see our filings with the
Securities and Exchange Commission, including our annual report on
Form 10-K and our quarterly reports on Form 10-Q. The
forward-looking statements speak only as of the date such
statements are made. Verifone is under no obligation to, and
expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise.
About Alipay
Alipay is the world’s largest third-party payment platform
operated by Ant Financial Services Group, with over 450 million
active users. In addition to online shopping payments, money
transfer, and utility bill payments, Alipay is expanding to offline
payments both inside and outside of China. As of December 2015,
Alipay is accepted in 70 overseas countries and regions, while tax
reimbursements via Alipay are supported in 24 countries. Alipay has
evolved from a digital wallet to a lifestyle enabler. Users can
hail a taxi, book a hotel, buy movie tickets and even enjoy a
full-scale of wealth management services directly from within the
app.
About Verifone
Verifone is transforming everyday transactions into
opportunities for connected commerce. We’re connecting payment
devices to the cloud, merging the online and in-store shopping
experience and creating the next generation of digital engagement
between merchants and consumers. We are built on a 30-year history
of uncompromised security with approximately 29 million devices and
terminals deployed worldwide. Our people are known as trusted
experts that work with our clients and partners, helping to solve
their most complex payments challenges. We have clients and
partners in more than 150 countries, including the world’s
best-known retail brands, financial institutions and payment
providers.
Verifone.com | (NYSE: PAY) | @verifone
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161024005450/en/
VerifoneKwiyoung Baumgarten,
678-358-6982kwiyoung.baumgarten@verifone.comorAlipayDoris Ke,
347-342-2007Doris.Ke@alipay.com
Paymentus (NYSE:PAY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Paymentus (NYSE:PAY)
Historical Stock Chart
From Sep 2023 to Sep 2024