Worldline and Alipay offer the German retail industry new market prospects
Frankfurt/Main, 4 July 2016
Worldline [Euronext: WLN], the European leader in payment and transactional services, and Alipay, the world’s leading payment platform with more than 450 million active users, are offering the German retail industry and its network providers new revenue opportunities. Starting in July 2016, the partnership allows Chinese tourists on trips in Germany to pay conveniently with their Alipay app at authorised retailers.
Under the partnership, Worldline will provide its gateway, which network providers can connect to via a standard interface with minimum effort, to further expand Alipay. This way, the existing system for electronic payment processing will automatically recognise Alipay transactions. In the future, nearly the entire German retail industry will be able to offer convenient payments with the Alipay app, which is based on the QR Code solution that is preferred by Chinese consumers. The current pilot phases will be completed in July of this year and after that it will go live. The next step will extend the service to other countries.
The number of Chinese tourists and businesspeople in Germany has risen in the last years and will continue to grow in the future. These tourists are especially attractive to German merchants because they represent large numbers and have strong purchasing power. In China, payments with the Alipay app are already very common and account for more than a 50 percent market share in the Chinese market for online payments and a 70 percent market share in mobile payments. Now Worldline and Alipay will offer Chinese tourists in Germany a payment method they've used at home.
Wolf Kunisch, Managing Director for Financial Processing & Software Licensing & CEE at Worldline, states: "Alipay is a sophisticated payment solution and we support expanding it in Germany. We make shopping for Chinese tourists – and future transactions for all foreign tourists – easier and more comfortable."
Rita Liu, Head of Alipay EMEA, further states: "With Worldline as a partner, we can expand our market position in Europe. Based on these developments, each party gets great benefits. The customer can conveniently shop outside of China and pay comfortably with Alipay. The merchant, in addition to the Alipay payment solution, can benefit from the Alipay marketing solution 'Global Lifestyle Platform' to communicate offers and make recommendations to customers to increase revenue."
Alipay is the world's largest third-party payment platform operated by Ant Financial Services Group, with over 450 million active users. In addition to online shopping payments, money transfers, and utility bill payments, Alipay is expanding to offline payments both inside and outside of China. Alipay is accepted in 15 overseas countries and regions, while tax reimbursements via Alipay are supported in 24 countries. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, and even enjoy full-scale of wealth management services directly from within the app.
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry. Worldline delivers new-generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with over 40 years of experience, Worldline supports and contributes to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services & Terminals, Mobility & e-Transactional Services, Financial Processing & Software Licensing. Worldline employs more than 7,300 people worldwide and generated 1.22 billion euros revenues in 2015. Worldline is an Atos company. worldline.com
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