Chinese online payment platform Alipay, run by Alibaba spin-out Ant Financial, has signed a mobile-payment deal with French payment processor Ingenico to offer a seamless payment experience to its customers across multiple touch points in Europe.
As per the agreement, Alipay will be imbedded into Ingenico's in-store payment gateway, which will enable Chinese tourists visiting Europe to pay via their Alipay App at any store that uses the Ingenico solution.
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Nearly 10 million Chinese arrivals were registered in Europe in 2014, representing a total purchasing power of $21bn, according to figures of the Financial Times and UNWTO.
As part of the new, extended partnership, Ingenico ePayments – the online and mobile commerce division of Ingenico Group – will now also offer full-service payment processing for Chinese merchants.
Douglas Feagin, head of Alipay International, said: "We are convinced that the Alipay in-store payment via Ingenico will be much appreciated by the Chinese tourists in Europe."
Ingenico Group CEO Philippe Lazare said: "We are very excited to partner with Alipay and contribute our unique omni-channel expertise, products and services to help them optimize the user experience and boost sales all over the world. Their choice for Ingenico is a tribute to our high success rate and ability to meet even the most demanding customers' requirements."
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