China’s Alipay Expects To Enter Europe This Year

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Alibaba's deal with France's Ingenico, a global leader in seamless payments, heralds the entry of the Chinese company's Internet payment service to Europe by the end of 2016.

Ingenico said that with this partnership, Alibaba's Alipay service will be imbedded into Ingenico's in-store payment gateway, which will allow acquirers across Europe to easily integrate and offer Alipay acceptance with their merchants. With Alipay integrated into the acquirer's merchant portfolio, Chinese tourists visiting Europe will be able to conveniently pay via their mobile Alipay app at any store that uses the Ingenico solution.

In 2013, Alipay established its international business unit to accelerate globalization. Meanwhile, globalization has become one of the three major strategic development directions of Ant Financial, the parent company of Alipay.

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