Off the wire
• Alibaba Pictures to invest 1 bln yuan in young filmmakers worldwide  • Philippines sympathizes with Afghanistan, Pakistan over strong quake  • Iran launches website for information on road, urban services  • China Life net profit rises 22.8 pct  • Over 15,000 refugees currently in Slovenian centers  • Turkish police storm critical media group headquarters  • China Exclusive: Remains of 347 expeditionary soldiers to return China  • Egypt to join Vienna talks on Syrian crisis  • Cambodian PM makes TV address after two opposition lawmakers assaulted  • Turkey confirms IS behind Ankara bombings  
You are here: 　 Home

Alipay to launch payment service in Taiwan

Xinhua, October 28, 2015 Adjust font size:

Alipay, China's leading electronic payment platform, has received approval to launch a payment service in Taiwan in the fourth quarter, Ant Financial, Alipay's operator, said on Wednesday.

Ant Financial, Alibaba's financial service affiliate, did not elaborate on the specific timetable.

Alipay will work with E. SUN Commercial Bank in Taiwan to offer a QR mobile payment service, Ant Financial said.

By the end of the year, more than 3,000 convenience stores, shopping malls and other shops frequented by mainland tourists will offer the payment service.

Peng Yijie, president of Ant Financial's international business, said Taiwan was a top destination for mainland tourists, and Alipay has plans to add more stores to its network.

Taiwan received 3.98 million tourists from the mainland in 2014, 11 times more than in 2008, according to data from Taiwan Tourism Department.

Alipay has more than 400 million users, handling 120 million transactions a day. Half of the transactions are made on smartphones. Endi