You are here

China's Alipay grabs slice of US market with first deal

Wednesday, May 10, 2017 - 05:50

"This will open up Alipay to where it is truly ubiquitous across the United States and hopefully more countries later." - Souheil Badran, president of Alipay North America

New York

CHINA'S mobile-payments king wants a piece of the world's biggest consumer market.

Alipay, owned by Jack Ma's Ant Financial, reached a deal that will let its users shop at four million US merchants served by payments processor First Data Corp, the companies said on Monday

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom