ALIPAY+
11.11.2022 03:22:38 CET | Business Wire | Press release
Alipay+, a suite of cross-border payment and marketing solutions, has supported global online merchant partners to serve over 100 million e-wallet users as they flock to take up the offers and benefits since the global Double 11 event kicked off on November 1.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110006198/en/
Alipay+ is dedicated to bringing more exclusive offers and benefits from merchants around the world to hundreds of millions mobile-savvy consumers of its e-wallet partners. (Photo: Business Wire)
The consumers that participated in the event are mostly users of a dozen popular e-wallets from Southeast Asia, including GCash (The Philippines), TrueMoney (Thailand), Touch ’n Go eWallet (Malaysia), DANA (Indonesia) and Kakao Pay (South Korea). With Alipay+, these users can conveniently make cross-border payments with more than 1,000 global online merchants by using their local currency wallets on their respective platforms during the festival.
This year, e-wallet users could access coupons to exchange for free gifts and attractive deals offered by merchants listed on the Alipay+ Rewards section from their own payment apps. Consumers can also use direct payments at online checkout through e-wallets powered by Alipay+ solution, which ensures payments can be completed smoothly across the border, especially during the peak time of the festival.
From November 1 to 10, the number of online payment transactions via Alipay+ has recorded a significant growth of 40 percent compared to the previous year, while total e-wallet user payments through Alipay+ has experienced an increase of 30 percent. This is a testament to Alipay+’s increasing popularity and its capability to seamlessly execute cross-border payments and marketing.
In terms of transaction volume increase, the digital & entertainment sector saw the highest level of user participation this year, achieving over 200 percent growth in transactions volume this year, followed by the O2O and e-commerce sectors.
This year, the number of first-time merchant joiners account for about one third of the total global online merchants. During the first ten days of the festival, top-five first-time merchants on average recorded a five-time increase in the number of e-wallet users making payments and a three-time jump in total transaction volumes through Alipay+ compared with the previous month.
“We are excited to see the enthusiasm of consumers during November 11 mega sales this year as online shopping and digital payment have continued to evolve as the key channels for growth over the years,” said Daniel Marogy, Managing Director of foodpanda Philippines.
Introduced by Ant Group in 2020, Alipay+ is a suite of cross-border digital payment, marketing and merchant digitization solutions connecting global brands with mobile-savvy consumers worldwide, with an aim to enable businesses, especially small and medium-sized enterprises, to process a wide range of mobile payment methods and reach more than 1 billion regional and global consumers.
“Alipay+ is dedicated to bringing more exclusive offers and benefits from merchants around the world to hundreds of millions mobile-savvy consumers of our e-wallet partners,” said Jing Yin, General Manager of Acquiring Service and Global Strategic Accounts of Ant Group.
“Ant Group’s technology capabilities and know-how also ensure our merchants and wallet partners are able to process transactions smoothly during peak traffic time, such as the ongoing Alipay+ Double 11 Mega Deals and other promotional events,” he added.
The pandemic has notably accelerated digital adoption. The recent Global Findex data from the World Bank indicated that 8 percent of adults living in developing countries made their first digital payment after Covid-19 started. The research excluded China as the country already has high digital adoption rate and widespread use of mobile payment apps.
Home to the world’s fastest growing e-wallet user base, Southeast Asia is experiencing increasing digitization as 70 percent of the ASEAN population is now online, according to a recent HBSC research. Additionally, the Covid-19 pandemic led to a consumers’ rapid adoption of e-commerce and the demand for online transfer and contactless payments is not fading even as the world gradually recovers from the pandemic.
Over the past six months, Alipay+ has been making steady progress in markets including Southeast Asia, South Korea and Japan, connecting local and regional merchants with various digital payment methods. Last month, Alipay+ introduced three more Asia e-wallets to Singapore and now there are altogether six overseas e-wallets that can accept Alipay+. Alipay+ previously announced new merchant partnership in South Korea and Japan.
During the Singapore Fintech Festival concluded last week, Ant Group also announced that Alipay+’s global merchant coverage has more than doubled to over 2.5 million over the past six months.
About Alipay+
Alipay+ offers unified global mobile payment and marketing solutions that connect merchants with multiple e-wallets and payment methods from different countries and regions by collaborating with global partners. Consumers can conveniently use their preferred local payment methods while transacting seamlessly in a different market and be able to enjoy marketing offers by the merchants through Alipay+. Alipay+ is developed by Ant Group, the owner and operator of Alipay, one of the world’s leading digital open platforms.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221110006198/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Vena Completes Acterys Acquisition to Accelerate Orchestrated Planning for the Microsoft Ecosystem26.3.2026 14:00:00 CET | Press release
The combination connects AI-driven financial and operational planning, analytics and execution across Microsoft Excel and Power BI, removing decision latency for Microsoft-centric enterprises. Vena, the AI-powered Orchestrated Performance Management platform purpose-built to fully amplify the Microsoft technology ecosystem, today announced it has completed its acquisition of Acterys, the leading Microsoft Power BI–based operational planning and app development platform. The move strengthens Vena’s Orchestrated Planning solution and begins phased integration of the two platforms. Modern enterprises are struggling to keep up with the volatility and dynamism of the markets they serve. Market drivers and signals shift rapidly, and the ability to assess, plan and execute with confidence and speed is more important than ever. These forces, combined with overwhelming data density and disparity, have created a new constraint: decision latency—the time between signal and action. As that gap wid
Nearly Half of Global C-Suites Plan U.S. Expansion Within 12 Months, as Supply Chain and Capital Access Drive Growth26.3.2026 14:00:00 CET | Press release
• 45% of C-level executives plan to establish a U.S. legal entity within the next 12 months; a further 27% say they will consider entry within two to three years • 65% cite supply chain or manufacturing efficiency as the primary driver for U.S. expansion • 88% identify federal and state tax reporting as the most burdensome area of U.S. compliance Nearly half (45%) of global C-suite leaders plan to establish a legal entity in the United States within the next 12 months, highlighting continued demand for access to the U.S. market. This finding from the latest research by CSC—the leading provider of global business administration and compliance solutions—demonstrates the U.S. continues to attract investment from around the world, even as companies face an increasingly complex regulatory landscape. CSC surveyed 300 C-level executives at large organizations headquartered in Europe, the U.K., Asia Pacific, and South America to examine global sentiment toward U.S. market entry, including expa
Lone Star Funds Completes Acquisition of Alliance Ground International26.3.2026 13:30:00 CET | Press release
Lone Star Funds (“Lone Star”) today announced that an affiliate of Lone Star Fund XII, L.P. has completed the acquisition of Alliance Ground International (“AGI”), a leading North American airport services provider. “We are excited to partner with the AGI management team to drive the business forward,” said Donald Quintin, Chief Executive Officer of Lone Star. “The company has a superior service offering and a track record of success across its integrated operations. We see opportunities to continue to invest in the business and its people to continue to grow its capabilities and ensure it remains best-in-class in delivering for the aviation industry.” “Today marks an important next step for AGI as we move forward in partnership with Lone Star,” said Jared Azcuy, Chief Executive Officer of AGI. “Our commitment to safety, reliability, and operational service excellence remains unchanged. This partnership strengthens our ability to deliver for our airline partners and reinforces that the
Rubedo Life Sciences Announces Positive Preliminary Phase 1 Clinical Trial Results for Lead Drug Candidate RLS-1496 in Patients with Plaque Psoriasis, Atopic Dermatitis, and Skin Aging26.3.2026 13:30:00 CET | Press release
The Phase 1 study of RLS-1496, the first human trial of a GPX4 (selective glutathione peroxidase 4) modulator, met its primary endpoint and also demonstrated a statistically significant relationship between target engagement and clinical improvement in psoriasis and atopic dermatitis RLS-1496 is a first-in-class disease-modifying mechanism targeting pathological senescent cells that drive inflammaging and chronic degenerative diseases of aging A second study for RLS-1496 – a Phase 1b/2a study in actinic keratosis (precancerous skin lesions) – is underway in the United States, with completion expected later this year Rubedo CEO Frederick Beddingfield, III, MD, PhD, FAAD, to moderate panel on senescence and skin at the Dermatology Innovation Forum (DIF) during the American Academy of Dermatology (AAD) annual meeting on Thursday, March 26, at 1:05 pm MT in Denver Oral presentation of data accepted at the Society for Investigative Dermatology (SID) from May 13-16, 2026, in Chicago Rubedo L
GE HealthCare announces lead industrial role in largest EU-funded IHI consortium to advance cardio-oncology care across Europe26.3.2026 13:30:00 CET | Press release
COMPASS is one of the largest public‑private partnerships under the European Union’s (EU) Innovative Health Initiative (IHI). The consortium aims to advance early detection and prediction of cardiotoxicity in cancer patients and cancer survivors. The initiative will leverage AI, advanced imaging, biomarkers, and integrated care pathways. GE HealthCare (Nasdaq: GEHC) today announced its leading industrial role in the new COMPASS consortium, a five-year initiative focused on improving precision cardio-oncology care and advancing early detection of cardiovascular risks in cancer patients across Europe. COMPASS combines clinical excellence with novel healthcare technology, and with a total budget of €50.5 million and more than sixty partners, it is one of the largest public-private partnerships under the IHI. Cardiovascular diseases are rising sharply among cancer patients and survivors, driven both by the increasing prevalence of pre‑existing cardiovascular conditions at diagnosis and by
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom