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August 28, 2019

Adyen enters payment partnership with Alipay

Payments platform Adyen has struck a partnership with Alipay, the payment platform operated by China’s Ant Financial.

The alliance is aimed at supporting Chinese e-commerce giant Alibaba.

Under the partnership, Adyen will support payments outside of mainland China for the AliExpress, Taobao, Tmall and Alibaba.com brands.

Adyen president of Asia-Pacific Warren Hayashi said: “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.”

Alipay head of financial institution strategic partnership, international business group, Clara Shi added: “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 utilise Adyen’s rich insights into payment authorisation to help ensure higher transaction approval rates and an elevated level of user experience for our customers.”

Adyen was recently in the limelight for enabling Interac Debit on Mobile for in-browser and in-app payments for merchants in Canada.

Notably, this May, a collaboration between Alipay, Adyen and Klarna enabled shoppers at AliExpress to pay for their purchases after delivery using Klarna’s Pay later option at the checkout.

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