Alibaba’s Alipay intends to support 10m small and medium businesses in Europe over the next five years.
Reach 2bn consumers over five years
It aims to reach more than 2bn potential consumers travelling to Europe by expanding collaboration with European acquirer Worldline, as well as a new initiative to serve airport stores through in-app mini programs.
Greater convenience for merchants and shoppers
Eric Jing, Ant Financial’s Chairman and CEO, said, “Our aim is to improve the way in which individuals and businesses buy, sell and receive payments, and to do this, we need to draw upon the strength of our partnerships […] our growth has only been possible due to the network of partners we have established, and working together, we will make it easier for anyone to do business anywhere.”