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

"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...

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