The FINANCIAL — Alipay, the mobile payments solution operated by Ant Financial Services Group, on December 6 provides some 450 million active users in China with an entire range of financial services.
Now, in order to stay in step with its app-holders visiting Europe, Alipay will cooperate among others with BNP Paribas, the European leader in Cash Management, so as to enable the 16 million Chinese tourists who travel outside Asia every year to pay for their purchases with their Alipay mobile app at all partnering stores. Initially available in France, this service will be progressively extended to the rest of Europe, according to BNP Paribas.
By partnering with Alipay, BNP Paribas is clearly demonstrating the Group’s determination both to provide every assistance to retailers looking to expand their sales and to be the bank for all innovative players.
“We’re excited to have BNP Paribas as one of our partners so as to enable Alipay users to pay with the app in even more locations and scenarios across Europe,” said Douglas Feagin, Senior Vice President of Ant Financial and President of Alipay International, underlining: “Our users’ lifestyles are increasingly global, so it’s vital that we’re able to work with the leading payment providers across the world to bring our trusted and convenient services to Alipay users wherever and whenever they need them.”
Pierre Fersztand, Global Head of Cash Management at BNP Paribas declared: “We’re delighted with this partnership with Alipay. It will enable us to continue providing our clients with innovative solutions so as to help them grow their sales.”