Seoul, South Korea:
Leading cellular fee suppliers throughout Asia introduced at the moment an integration of Alipay+ cross-border digital fee options in South Korea in an effort to collectively promote cashless journey in the nation.
This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20220925005072/en/
Users of main Asian e-wallets together with AlipayHK, GCash (the Philippines), Touch ‘n Go (Malaysia), and TrueMoney (Thailand) are in a position to pay at over 120,000 retailers utilizing their native cellular fee apps when touring in South Korea. (Photo: Business Wire)
Users of e-wallets together with AlipayHK, GCash (the Philippines), Touch ‘n Go eWallet (Malaysia), and TrueMoney (Thailand) are in a position to pay at over 120,000 retailers utilizing their native cellular fee apps when touring in South Korea.
The collaboration marks the primary time for main cellular fee suppliers from Southeast Asia and Hong Kong to prolong the supply of their providers in South Korea by way of Alipay+. The preliminary part of the service provider roll-out covers main vacationer actions together with funds for taxi, obligation free retailers, comfort shops, and meals and beverage chains.
Introduced by Ant Group, Alipay+ is a set of worldwide cross-border digital funds and advertising options designed to allow companies to course of a variety of cellular fee strategies and higher serve regional and world shoppers by way of easy technical adaption.
Commenting on the collaboration, Danny Chung, General Manager of Ant Group Korea, Australia and New Zealand, stated: “It is our pleasure to connect merchants in Korea with a variety of mobile payment methods, enabling Asian tourists to pay with convenience and simplicity in Korea using their preferred home e-wallets.”
As the theme of this yr’s World Tourism Day is Rethinking Tourism, Alipay+ has been striving to obtain the identical aim by supporting a cashless and good journey expertise. Through innovation and digitalization, we hope Alipay+ can play its function in the transformation of tourism in direction of a vital pillar of improvement.”
The partnership between Alipay+ and Asia’s e-wallet leaders comes as worldwide journey throughout Asia continues to rebound. In early September, South Korea lifted the requirement for pre-travel Covid-19 assessments for inbound vacationers, following a call to take away all quarantine necessities for overseas arrivals no matter vaccination standing.
“With South Korea being one of the most popular destinations of Filipinos, we are delighted that our customers will be able to maximize their GCash app during their travels. This collaboration with Alipay+ provides our users the convenience they need to easily transact and manage their expenses with GCash,” stated Martha Sazon, President and CEO Mynt, which operates GCash, “This innovative partnership aligns with our vision of financial inclusion and is a huge step towards building a cashless ecosystem, worldwide.”
Venetia Lee, General Manager, AlipayHK and Alipay Greater China International Business, Ant Group, stated, “It is our pleasure to announce the connection to South Korea, a popular tourist destination for Hong Kong people. AlipayHK aims to provide our users with one-stop lifestyle services, including not only local but also cross-border payments for those who love traveling. With AlipayHK already being accepted by the vast majority of merchants in Japan, Chinese mainland and Macao through Alipay+, we expect our service to expand to more destinations, enabling AlipayHK users to travel everywhere with one app using their own e-wallet.”
Mr. Koravut Pavitpok, Head of Commercial of TrueMoney Co., Ltd. stated, “South Korea has long been one of the top tourist destinations among Thais for its fascinating history, a wonderful culture and amazing food. Before the pandemic, more than half of a million of Thais travel to the country each year. And since the borders re-opened, Thai tourists have become the second highest visitors to South Korea. As international travel is on the up again, our partnership with Alipay+ has allowed TrueMoney Wallet to expand our service territory and provide more convenient and safer cross-border cashless payment to our users.”
South Korea’s long-term reputation as a vacation spot for journey, purchasing, and k-pop makes it a best choice for worldwide vacationers as journey in Asia revitalizes. According to statistics by Korea Tourism Organization, over 800,000 overseas vacationers visited South Korea in the course of the first half of this yr, representing a rise of 92.8% in contrast to the identical interval final yr. Tourists from ASEAN international locations, together with the Philippines, Thailand and Malaysia, topped the inbound arrivals to South Korea, accounting for 30.3% of the whole.
As the utilization of cellular funds by worldwide vacationers and the variety of vacationers from Southeast Asia continues to rise, the retail trade in Korea is adopting varied cellular fee strategies significantly by way of partnership with Alipay+. For occasion, Lotte Duty Free and handy retailer model GS25 have signed partnership agreements with Alipay+ to make purchasing expertise extra handy for worldwide shoppers.
About Alipay+
Alipay+ presents unified world cellular fee and advertising options that join retailers with a number of e-wallets and fee strategies from totally different international locations and areas by collaborating with world companions. Consumers can conveniently use their most popular native fee strategies whereas transacting seamlessly in a distinct market and have the option to get pleasure from advertising presents by the retailers by way of Alipay+. Alipay+ is developed by Ant Group, the proprietor and operator of Alipay, one of many world’s main digital open platforms.
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