Back in the day, Western tourists seeked for a Visa, Mastercard or American Express sign when travelling overseas. The Users of the card brands loved the convenience, customer service, benefits and security associated with a brand that they know well.
That exact phenomena is happening in Australia, but to attract the Chinese to spend.
Look around closely and you’ll see that most Australian (and global!) brands, retailers and service providers display signs showing which Chinese payment systems the business accepts. The Chinese tourist is doing exactly what the Western tourists used to do. With the language barrier and cultural barrier of preserving pride, the Chinese are more unlikely to explicitly ask if business accept Chinese payment methods, causing local businesses to display these signs to attract more customers.
Following a strong 37% growth (worth 642.8 billion RMB) in Chinese imports from Australia in 2017, it’s no wonder that any business in Australia looking to grow, looks to be China ready.
CNPay, Australia’s leader in Chinese payment systems, are proud to announce that is now an official acquirer of Alipay and Alipay App in Australia. According to Analysys, a Chinese data analytics expert, Alipay accounted for 53.73% of mobile payments in 2017 Q3 in China.
Announcing CNPay’s Alipay partnership
The deal gives CNPay’s merchants direct access to additional payment facilities: Alipay and Alipay App. All of CNPay’s current merchants will be able to automatically accept Alipay payments, effective immediately, without any additional integration on their end. Click here for the full terms and conditions.
Peggy Wu, Executive Director of CNPay said, “We are so excited to be working with Alipay in Australia and we have had great response from our merchants on the partnership. The feedback is astounding as our clients look to be China ready with a seamless system and grow their business to the Chinese-speaking market”. CNPay has plans to aggressively target new merchants and establish “Chinese-payment zones” and provide a seamless experience for the inbound Chinese tourist market.
- ~520 million Alipay Users (as of January 2018)
- More than 1,000 bricks-and-mortar stores across Australia and New Zealand accept Alipay.
- Alipay Purchase Cards are available at almost 4,500 retail outlets of Australia Post.
- Average number of daily Alipay transactions: 175 million transactions per day (as of August 2016)
- More than 90% of Alibaba’s 1.5 billion Singles Day 2017 transactions were transacted with Alipay.
- Australia is the 5th largest destination for Alipay users in China.
Alipay was founded in China by Alibaba Group and founder Jack Ma in February 2004. The third-party mobile and online payment platform overtook PayPal as the world’s largest mobile payment platform in 2013. The FinTech provider first opened an office in Sydney in 2014 and and also services more than 1,300 Australian and 400 New Zealand businesses selling on Tmall and Tmall Global.
Watch this 3 minute video to learn more about Alipay:
Established in Sydney in 2016, CNPay have quickly grown and established branch offices in Hong Kong, Shanghai and several other countries throughout Asia to provide a seamless Chinese payment system globally.
Market your business and be Chinese-ready with CNPay. To find out how you can enable WeChat/AliPay Payments for your business, contact us.