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Re: Regulator releases damning report on Alibaba over fake, substandard goods on Taob
With this, u can expect more knock-offs for your hard earned money.
Alipay expands to Japan and Singapore
Staff Reporter 2015-10-02 09:59
A Sa Sa cosmetics store in Hong Kong offers special discounts to customers using Alipay. (Photo/CNS)
Alipay, the payment arm of Chinese e-commerce giant under its subsidiary Ant Financial, has expanded its services to Japan and Singapore to allow Chinese tourists to pay with their Alipay accounts, reports our Chinese-language sister paper Commercial Times.
Ant Financial and Japanese advertising and HR company Recruit Co jointly announced that 176,000 stores in Japan would accept Alipay as a payment method. Chinese tourists visiting the country can pay for items from their Alipay accounts by scanning in-store QR codes with their smartphones.
Consumer electronics retailer Big Camera, department store chain Parco, duty-free stores and shopping malls will be the first to offer Alipay as a payment method. The service will eventually be adopted by all of Recruit's outlets across Japan including restaurants, hair salons and clothes shops.
The major benefit for Chinese tourists is not having to exchange currency and worrying about exchange rate losses. The aforementioned stores will also offer special discounts to shoppers paying with Alipay.
In Singapore, Ant Financial is parterning with Universal Studios to allow visitors to the theme park to buy tickets, make purchases on Online-to-Offline platforms with Alipay and even find their way around the theme park through an intelligent map. Ant Financial also plans to offer technology solutions such as facial recognition and mobile payments to transform the Universal Studio park into an intelligent theme park.
Hong Kong cosmetic retail chains Sa Sa International's 100 brick-and-mortar stores in the special administration region have also started to accept Alipay since August.
Marriott International's 4,300 hotels will accept Alipay as a payment method by the end of next year, Alipay has anounced.
The payment service has been taken up in many countries around the world in recent years, though South Korea and Thailand have restricted the service to online shopping.
Alipay's partnership with Taiwan's Uni-Hankyu Department Store also encountered a setback in January last year when Taiwan's Financial Supervisory Commission ordered the department store to stop accepting Alipay payments on the grounds that it had not been approved by Taiwanese government and violated the country's laws on electronic stored value cards. The department store had accepted Alipay payments from three mainland Chinese tourists on the single day of its operation.