The Alipay platform allows merchants to send relevant information and offers to Chinese consumers as they arrive in a country, attracting them to stores, restaurants, attractions and other locations of interest. This latest news builds upon ACI's long-standing work with Alipay and now provides the ability to deliver a true omni-channel experience, with eCommerce, mCommerce and in-store payment capabilities.
Alipay, which describes itself as a 'Global Lifestyle Super App,' has approximately 60 percent of the Chinese market share for mobile wallets, with more than 450 million Chinese consumers actively using the service, and over 2 million brick-and-mortar merchants accepting Alipay across
ACI's UP Merchant Payments solution provides merchants with secure omni-channel payments capabilities for card-present and card-not-present transactions. The solution combines connectivity to a global network of more than 350 acquirers and alternative payment methods, with flexible payment infrastructure based on an open API. ACI's collaboration with Alipay opens up the opportunity for Alipay shoppers to have an enhanced face-to-face, in-store experience.
"The Alipay platform has a highly engaged user base in
"We are proud to partner with the largest mobile payment platform in the world, to bring an innovative omni-channel solution to merchants and the payments service providers that support them across many countries where Chinese tourism continues to rapidly increase," said
Product roadmaps are for informational purposes only and may not be incorporated into a contract or agreement. The development release and timing of future product releases remains at ACI's sole discretion. ACI is providing the following information in accordance with ACI's standard product communication policies. Any resulting features, functionality, and enhancements or timing of release of such features, functionality, and enhancements are at the sole discretion of ACI and may be modified without notice. All product roadmap or other similar information does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision.
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