SINGAPORE, Aug 28, 2019 - (Media OutReach) - Adyen, the
payments platform of choice for many of the world's leading
companies, today announced a collaboration with Alipay, the world's
leading payment and lifestyle platform. Alipay is operated by Ant
Financial Services Group, the fintech player of Alibaba's
ecosystem, to support payment methods for the AliExpress, Taobao,
Tmall and Alibaba.com brands globally.
The partnership with Alipay means that Adyen will support Alibaba,
operator of the world's largest retail commerce business offering
services to consumers, merchants and brands. With this partnership
in place, Adyen will facilitate payments outside of Chinese
mainland for AliExpress, Taobao, Tmall and Alibaba.com as the
Alibaba Group looks to enhance and streamline existing payment
management operations.
"Adyen's products are built with fast-growing, fast-moving
businesses like Alibaba in mind. Adyen is designed to deliver
real-time, data-driven and quickly scalable payment options. Alipay
can utilize Adyen's rich insights into payment authorization to
help ensure higher transaction approval rates and an elevated level
of user experience for our customers. We look forward to continuing
our growth trajectory with Adyen," said Clara Shi, Head of
Financial Institution Strategic Partnership, International Business
Group, Alipay.
With the collaboration in place, the benefits of using Adyen's
solutions include higher approval rates, shorter settlement cycles
and access to granular data insights to drive optimization of the
payment process. Adyen's solution also offers Alibaba the ability
to turn on additional payment methods quickly to build trust with
local customers.
"At Adyen, our goal is to remove complexity from the payment
process. Our solutions are created for fast-growing global giants
like Alibaba who want to create a frictionless, uniform experience
for their customers regardless of geography. We're pleased to
partner with Alipay and to be part of Alibaba's journey as they
seek to enter new markets and acquire new customers," said Warren
Hayashi, President of Adyen, Asia-Pacific.
About Adyen
Adyen (AMS: ADYEN) is the payments platform of choice for many of
the world's leading companies, providing a modern end-to-end
infrastructure connecting directly to Visa, Mastercard, and
consumers' globally preferred payment methods. Adyen delivers
frictionless payments across online, mobile, and in-store channels.
With offices across the world, Adyen serves customers including
Facebook, Uber, Spotify, Singapore Airlines, Cathay Pacific, Grab,
Klook, Lorna Jane, Freelancer.com, Kogan.com and the Cotton On
Group. The cooperation with Alipay as described in this merchant
update underlines Adyen's continuous growth with current and new
merchants over the years. http://www.adyen.com/
About Alipay
Operated by Ant Financial Services Group, Alipay is the world's
leading payment and lifestyle platform. Launched in 2004, Alipay
currently serves over 1 billion users with its local e-wallets
partners. Over the years, 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.
Alipay's in-store payment service covers over 50 markets across the
world, and tax reimbursement via Alipay is supported in 35 markets.
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.
Press Contacts
Tricia Lee, Ogilvy Singapore, tricia.lee@ogilvy.com, +65 6213
7884
Pui-San Wong, Adyen, puisan.wong@adyen.com, +65 3158 5065
Source: Adyen
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