Verifone and Alipay Are First to Simplify Taxi Payments for Chinese Travelers in North America
October 17 2017 - 8:00AM
Business Wire
Expanded Agreement Enables Chinese Travelers to
Use Alipay in 16,000 Taxis in New York City and Las Vegas
Verifone (NYSE: PAY), a world leader in payment and commerce
solutions, and Alipay, the world’s leading third-party payment
platform, announced today the extension of their existing global
partnership to Verifone Taxi Solutions. Through the agreement,
Chinese consumers traveling in New York and Las Vegas will be able
to pay for taxis in the U.S. for the first time using their Alipay
Mobile Wallet.
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Verifone enables Alipay in NYC and Las
Vegas Taxis. (Photo: Business Wire)
By the end of October, 2,100 taxis in Las Vegas will accept
Alipay upon checkout, and an additional 14,000 taxis in New York
City are slated to accept Alipay in November this year.
“Paying for taxis can be one of the most stressful elements of
traveling abroad, particularly if you don’t speak the language,”
said Souheil Badran, President, Alipay North America. “By extending
our partnership with Verifone to taxis in New York and Las Vegas,
two of the most popular destinations in America for Chinese
tourists, we are giving greater confidence to Chinese travelers
that they will be able to pay for their taxi ride using the same
convenient payment method they use at home, without language
barriers.”
Alipay is China's leading online payment provider and the
primary means of online and mobile payment for Chinese consumers.
As millions of Chinese travelers continue to visit North America,
the partnership makes it easy for Chinese shoppers to use their
Alipay Mobile Wallet on Verifone devices.
“Chinese visitors to the U.S. are increasing in number every
year and we are continuing to elevate the cashless payment
experience by making it easy to pay inside American taxi cabs,”
said Amos Tamam, Senior Vice President of Global Taxi Systems,
Verifone. “Enabling Alipay acceptance is yet another example of
leveraging our smart transportation platform to drive utilization
of traditional taxis which offer the safety of licensed and
professional drivers along with predictable pricing.”
Verifone and Alipay began partnering in 2016 to enable merchants
in Europe and North America to accept Alipay in stores driving
brand visibility, traffic and sales through its in-app marketing
tool. With Verifone’s mobile point-of-sale, retailers can accept
Alipay anywhere in the store and implement marketing campaigns
targeting Chinese consumers who use the Alipay app. Verifone will
be at Money20/20 USA, October 23-25, 2017.
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 taxi Alipay acceptance solution in
Las Vegas and New York, 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. We may also provide material
information about us on our investor relations website at
www.ir.verifone.com, in company press releases and in social media
postings. 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
Operated by Ant Financial Services Group, Alipay is the world’s
largest mobile and online payment platform. Launched in 2004,
Alipay currently has over 520 million active users and over 200
domestic financial institution partners. Alipay has evolved from a
digital wallet to a lifestyle enabler. Users can hail a taxi, book
a hotel, buy movie tickets, pay utility bills, make appointments
with doctors, 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
10 million brick-and-mortar merchants now accept Alipay across
China. Alipay’s in-store payment service covers more than 30
countries across the world, and tax reimbursement via Alipay is
supported in 24 countries and regions. Alipay works with over 250
overseas financial institutions and payment solution providers to
enable cross-border payments for Chinese travelling overseas and
overseas customers who purchase products from Chinese e-commerce
sites. Alipay currently supports 27 currencies. Follow us on
Twitter @antfinancial and @alipay.
About Verifone
Verifone is transforming every day transactions into new and
engaging opportunities for merchants and consumers at the last inch
of payments and commerce. Powered by a growing footprint of more
than 30 million devices in more than 150 countries, our people are
trusted experts working with the world’s best-known retail brands,
financial institutions, and payment providers. Verifone is
connecting more products to an integrated solutions platform to
better meet the evolving needs of our clients and partners. Built
on a 35-year history of uncompromised security, we are committed to
consistently solving the most complex payment challenges.
Verifone.com | (NYSE: PAY) | @verifone.
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Berns Communications Group for AlipayStacy Berns/Danielle Poggi,
212-994-4660sberns@bcg-pr.comorVerifonePress@verifone.com
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