Alpha Payments Cloud, a third party payment, risk and commerce solution provider to international banks and merchants, has joined forces with Alipay, a unit of Chinese e-commerce giant Alibaba, to offer merchants global access to Chinese customers.
This partnership will see Alpha Payments Cloud become a global acquiring partner of Alipay.
Also, this deal will see Alipay payment processing enabled as an option through the AlphaHub Payments-as-a-Service platform.
The deal will allow merchants worldwide to gain access to the Chinese eCommerce market, and also to the 117 million Chinese tourists who travel internationally every year.
Alpha Payments said that AlphaHub’s orchestration layer will enable third party solutions such as Alipay to be utilised across eCommerce, mCommerce and POS within a matter of clicks.
Alpha Payments Cloud chief product officer Ronan Gallagher said: "With China predicted to take 50% of the global eCommerce market by 2018, more and more merchants are looking East and partnering with Alipay is of strategic importance" commented.
"By offering merchants simplified connectivity and access to Alipay they can open up their business to a significantly wider market."