www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

China's Alipay offers mobile wallet for US sites

(Agencies) Updated: 2014-10-16 13:57

China's Alipay offers mobile wallet for US sites

A receptionist works at

China's half billion online shoppers will soon have an easier way to shop in the US

Alipay, the payments unit recently spun off from Chinese e-commerce powerhouse Alibaba, is launching a service for US retailers called ePass. Alipay has already been working in beta mode with retailers such as luxury deal site Gilt.com, The Gap and H&M.

"We want to demystify the Chinese consumer for US retailers," said Jingming Li, president and chief architect of Alipay US, which has a US base in Santa Clara, California, alongside its affiliate Alibaba.

Alipay targets English-reading young professionals in the four biggest regions of China (it doesn't offer a translation service).

The move will let US retailers tap into the estimated 500 million Chinese online shoppers who spent $298 billion online in 2013. EPass will be available to any US retailer interested in reaching the Chinese consumer, Li said in a press briefing.

And it comes as the payment-services category is heating up with new offerings including Apple Pay, and eBay's plan to split off its PayPal payments business next year.

Cross-border shopping is growing. PayPal, which also offers cross-border payment services, estimates that by 2018, there will be 130 million cross-border shoppers spending over $300 billion globally.

It is possible for a Chinese customer to make purchases on US retail sites without ePass, but the process involves using an international credit card and typically brings mark-ups on Western products. EPass aims to ease the "friction" of international purchases, Li said.

Users of ePass will see an ePass payment option when they check out on a retailer's site. Chinese shoppers pay in yuan using their Alipay account and Alipay transmits the payment to merchants in 14 currencies via 180 international financial institutions. Customs duties are calculated at checkout.

Alibaba started Alipay in 2004 to facilitate payments on its web sites and spun off the unit in 2011 into a company controlled by Alibaba CEO Jack Ma. Because it was spun off, Alipay was not part of Alibaba's mammoth $25 billion IPO in September, the largest ever.

Alipay says ePass can provide retailers with payment processing services, as well as shipping logistics and marketing services as needed. Alipay will take a cut of each transaction but did not specify how much the percentage is.

China's Alipay offers mobile wallet for US sites

China's Alipay offers mobile wallet for US sites

Top 10 richest IT geeks in China Top 10 richest real estate tycoons in China

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产成人久久 | 亚洲特黄视频 | 黄色毛片免费在线观看 | 九九干| 中文字幕欧美在线观看 | 亚洲经典在线 | 日韩欧美在线一区二区三区 | 在线看毛片网站 | 免费一级淫片aaa片毛片a级 | 成人毛片免费观看视频大全 | 国产精品99久久99久久久看片 | 永久黄网站色视频免费网站 | 国产v片在线播放免费观 | 99久久国语露脸精品对白 | 欧美一级一级片 | 免费看特级毛片 | 很黄很色的免费视频 | 国产八区 | 中文字幕有码在线视频 | 九九99香蕉在线视频网站 | 久久在线视频免费观看 | 男人天堂avav | 欧美日韩视频在线第一区 | 午夜视频国产 | 国内精品不卡一区二区三区 | 国产成人欧美视频在线 | 成人欧美在线观看 | 日韩视频在线观看中字 | 精品96在线观看影院 | 午夜伦y4480影院中文字幕 | 欧美日韩在线观看区一二 | 一区自拍 | 国产成人精品免费视频大全软件 | 精品性久久 | 日产一一到六区网站免费 | 在线亚洲观看 | 国产三级精品91三级在专区 | 人成精品 | 欧美日一本 | 成人国内精品久久久久影院 | 午夜人成 |