Alipay Signs Agreement with Powerful Swiss Payment Operator

by swisscham in BUSINESS NEWS

Alipay, the world’s most-used electronic payment application has reached an agreement with a strong local partner, a pact that is poised to challenge the dominant position of the Swiss payment solution Ð Twint. The Swiss stock exchange operator and payment services company, has found a big partner: SIX Payment Services and Alipay have reached an agreement for the acceptance of POS and E-Commerce payments across Europe, SIX said in a statement today. Under the terms of the agreement, AlipayÕs payment service will be integrated into the payment application of SIX to enable merchant clients of SIX to accept Alipay payments from Alipay users. Alipay is a product of the Ant Financial Services Group, which is based in China and has already signed up 450 million users for its solution. Ant Financial is the financial unit of Alibaba online retailer co-founded by billionaire Jack Ma Ð the equivalent of Amazon for China. Alipay has handled transactions totaling CHF 860 billion for its customers Ð three times the volume of Paypal.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Swiss Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
October 27, 2020
Published By shine.cn in Engineering / Manufacturing
October 21, 2020
Published By globenewswire.com in Hospitality / Tourism / Retail
October 15, 2020
Published By givaudan.com in Bilateral Relations
October 9, 2020
Published By chinadaily.com.cn in Engineering / Manufacturing
October 6, 2020
Published By globenewswire.com in Engineering / Manufacturing