Ant Group Rolls Out International Zones With Global E-Wallets And Card Partners

Ant Group, in collaboration with 11 overseas payment partners of Alipay+ and major international card organisations, launched a programme in Beijing to establish International Consumer Friendly Zones across significant tourist and commercial cities in China.

This initiative, supported by relevant authorities and local governments, aims to improve the experience of international visitors and support local businesses.

Ant Group offers two mobile payment options for overseas visitors in China: payments through Alipay+ for users of foreign e-wallets and for travellers to link major international bank cards to the Alipay app. This enables access to a wide range of local services without requiring a local bank account or phone number.

The International Consumer Friendly Zones programme by Ant Group and partners will focus on enhancing the accessibility and convenience of these payment methods at popular tourist locations, including transportation hubs, attractions, hotels, and shopping districts. Efforts will include expanding bilingual support, providing user guides, and improving merchant training.

Ant Group International Zones

Danish A. Lakhani, CEO NayaPay

As part of this programme, Alipay+ and NayaPay, a fintech platform in Pakistan, announced a partnership allowing NayaPay users to make payments across Alipay+’s network in China. This move aims to facilitate payments between China and Pakistan amid increasing bilateral trade and visits.

NayaPay becomes the 11th overseas and 1st Pakistani payments platform to “roam” in China, following AlipayHK (Hong Kong SAR, China), Changi Pay (Singapore), HiPay (Mongolia), Kakao Pay (South Korea), MPay (Macao SAR, China), Naver Pay (South Korea), OCBC Digital (Singapore), Toss Pay (South Korea), Touch ‘n’ Go eWallet (Malaysia), and TrueMoney (Thailand).

Ant Group and its partners are also conducting educational and marketing campaigns to familiarise merchants and consumers with the new payment options.

“Seamless payment and consumer experience is critical for international travel and broader cultural and economic exchange. Building on the International Consumer-Friendly Zones programme and more travel innovations, we will work with partners home and abroad to expand cross-border technology and service cooperation to support our new payment facilitation and opening initiatives,” said Jake Xue, General Manager, Global Business Services, Ant Group.

Featured image credit: Edited from Freepik

RECENT NEWS

Hong Kong Set To Align OTC Derivatives Reporting With Global Standards

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have released a conclusions pap... Read more

South Korea Fines Worldcoin U$790K Over Biometric Data Privacy Breaches

The South Korean Personal Information Protection Commission has fined Worldcoin Foundation and Tools for Humanity Corpo... Read more

HSBC To Launch HK$5 Billion Pre-Approved Loan Scheme For Hong Kong SMEs

HSBC is set to introduce a HK$5 billion (US$641 million) financing plan, offering pre-approved loans to SMEs in Hong Ko... Read more

ZA Bank Offers New FX Time Deposit Option With Up To 20% Interest

ZA Bank, a virtual bank in Hong Kong, has introduced a new ‘Foreign Exchange Time Deposit’ option, allowing custome... Read more

Japanese Megabanks Tap Stablecoins To Improve International Transfers

Three Japanese megabanks are involved in a cross-border payments initiative that aims to use stablecoins and SWIFT’s ... Read more

Qupital Raises Funding To Fuel Growth In E-commerce Financing

Qupital, a Hong Kong-based fintech firm specialising in supply chain financing for e-commerce, has secured funding from... Read more