Alipay and Adyen Partner to Streamline Global Payment Experiences for Users, Merchants and Businesses

SINGAPORE
-�Media OutReach - 28 August 2019 - Adyen, the payments platform of choice for many of the
world’s leading companies, today announced a collaboration with Alipay, the
world’s leading payment and lifestyle platform. Alipay is operated by Ant
Financial Services Group, the fintech player of Alibaba’s ecosystem, to support
payment methods for the AliExpress, Taobao, Tmall and Alibaba.com brands
globally. 

 

The
partnership with Alipay means that Adyen will support Alibaba, operator of the
world’s largest retail commerce business offering services to consumers,
merchants and brands. With this partnership in place, Adyen
will facilitate payments outside of Chinese
mainland for AliExpress, Taobao, Tmall and Alibaba.com as the Alibaba Group
looks to enhance and streamline existing payment management operations.

 

“Adyen’s
products are built with fast-growing, fast-moving businesses like Alibaba in
mind.  Adyen is designed to deliver real-time,
data-driven and quickly scalable payment options. Alipay can utilize Adyen’s
rich insights into payment authorization to help ensure higher transaction approval
rates and an elevated level of user experience for our customers. We look
forward to continuing our growth trajectory with Adyen,” said Clara Shi, Head
of Financial Institution Strategic Partnership, International Business Group,
Alipay.

 

With
the collaboration in place, the benefits of using Adyen’s solutions include
higher approval rates, shorter settlement cycles and access to granular data
insights to drive optimization of the payment process. Adyen’s solution also offers
Alibaba the ability to turn on additional payment methods quickly to build
trust with local customers.

 

“At
Adyen, our goal is to remove complexity from the payment process.  Our solutions are created for fast-growing
global giants like Alibaba who want to create a frictionless, uniform
experience for their customers regardless of geography. We’re pleased to
partner with Alipay and to be part of Alibaba’s journey as they seek to enter
new markets and acquire new customers,” said Warren Hayashi, President of
Adyen, Asia-Pacific. 

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for
many of the world’s leading companies, providing a modern end-to-end
infrastructure connecting directly to Visa, Mastercard, and consumers’ globally
preferred payment methods. Adyen delivers frictionless payments across online,
mobile, and in-store channels. With offices across the world, Adyen serves
customers including Facebook, Uber, Spotify, Singapore Airlines, Cathay
Pacific, Grab, Klook, Lorna Jane, Freelancer.com, Kogan.com and the Cotton On
Group. The cooperation with Alipay as described in this merchant update
underlines Adyen’s continuous growth with current and new merchants over the
years.

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s leading
payment and lifestyle platform. Launched in 2004, Alipay currently serves over
1 billion users with its local e-wallets partners. Over the years, Alipay has
evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi,
book a hotel, buy movie tickets, pay utility bills, make appointments with
doctors, or purchase wealth management products directly from within the app.
In addition to online payments, Alipay is expanding to in-store offline
payments both inside and outside of China. Alipay’s in-store payment service
covers over 50 markets across the world, and tax reimbursement via Alipay is
supported in 35 markets. Alipay works with over 250 overseas financial
institutions and payment solution providers to enable cross-border payments for
Chinese travelling overseas and overseas customers who purchase products from
Chinese e-commerce sites. Alipay currently supports 27 currencies.