Chinese fintech giant Ant Financial has introduced an international version of its mobile payment app, Alipay, allowing travelers to link foreign bank cards to the service for use in China.
Why it matters: This marks Ant Financial’s latest move to expand Alipay’s footprint and the first time it has provided a payment service targeting overseas users on the mainland.
Ant Financial has been eager to expand its user base beyond China’s 800 million-plus internet population.
The company has been working with overseas partners to serve Chinese tourists as well as provide localized e-wallet services.
Details: The new feature allows international visitors to use Alipay’s services including QR code payment at restaurants and shops, as well as online purchases.
To access the international version, users need to download the Alipay app and register with their overseas mobile phone number.