Alipay+ partners with leading Asian e-Wallets to promote cashless travel in South Korea

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Leading cell fee suppliers throughout Asia has introduced an integration of Alipay+ cross-border digital fee options in South Korea in an effort to collectively promote cashless travel in the nation.

Users of e-wallets together with AlipayHK, GCash (the Philippines), Touch ‘n Go eWallet (Malaysia), and TrueMoney (Thailand) are ready to pay at over 120,000 retailers utilizing their native cell fee apps when travelling in South Korea.

The collaboration marks the primary time for leading cell fee suppliers from Southeast Asia and Hong Kong to prolong the provision of their providers in South Korea by means of Alipay+. The preliminary part of the service provider roll-out covers main vacationer actions together with funds for taxi, duty-free outlets, comfort shops, and meals and beverage chains.

Introduced by Ant Group, Alipay+ is a collection of world cross-border digital funds and advertising and marketing options designed to allow companies to course of a variety of cell fee strategies and higher serve regional and world shoppers by means of easy technical adaption.

Commenting on the collaboration, Danny Chung, General Manager of Ant Group Korea, Australia, and New Zealand, mentioned: “It is our pleasure to connect merchants in Korea with a variety of mobile payment methods, enabling Asian tourists to pay with convenience and simplicity in Korea using their preferred home e-wallets.”

As the theme of this 12 months’s World Tourism Day is Rethinking Tourism, Alipay+ has been striving to obtain the identical objective by supporting a cashless and good travel expertise. Through innovation and digitalization, we hope Alipay+ can play its position in the transformation of tourism in direction of a vital pillar of growth.”

The partnership between Alipay+ and Asia’s e-wallet leaders comes as worldwide travel throughout Asia continues to rebound. In early September, South Korea lifted the requirement for pre-travel Covid-19 checks for inbound travellers, following a call to take away all quarantine necessities for international arrivals no matter vaccination standing.

“With South Korea being one of the most popular destinations of Filipinos, we are delighted that our customers will be able to maximize their GCash app during their travels. This collaboration with Alipay+ provides our users the convenience they need to easily transact and manage their expenses with GCash,” mentioned Martha Sazon, President and CEO Mynt, which operates GCash, “This innovative partnership aligns with our vision of financial inclusion and is a huge step towards building a cashless ecosystem, worldwide.”

Venetia Lee, General Manager, AlipayHK and Alipay Greater China International Business, Ant Group, mentioned, “It is our pleasure to announce the connection to South Korea, a popular tourist destination for Hong Kong people. AlipayHK aims to provide our users with one-stop lifestyle services, including not only local but also cross-border payments for those who love travelling. With AlipayHK already being accepted by the vast majority of merchants in Japan, Chinese mainland and Macao through Alipay+, we expect our service to expand to more destinations, enabling AlipayHK users to travel everywhere with one app using their own e-wallet.”

Mr. Koravut Pavitpok, Head of Commercial of TrueMoney Co., Ltd. mentioned, “South Korea has long been one of the top tourist destinations among Thais for its fascinating history, wonderful culture and amazing food. Before the pandemic, more than half of a million of Thais travel to the country each year. And since the borders re-opened, Thai tourists have become the second highest visitors to South Korea. As international travel is on the up again, our partnership with Alipay+ has allowed TrueMoney Wallet to expand our service territory and provide more convenient and safer cross-border cashless payment to our users.”

South Korea’s long-term reputation as a vacation spot for travel, procuring, and k-pop makes it a best choice for worldwide vacationers as travel in Asia revitalizes. According to statistics by Korea Tourism Organization, over 800,000 international vacationers visited South Korea in the course of the first half of this 12 months, representing a rise of 92.8% in contrast to the identical interval final 12 months. Tourists from ASEAN nations, together with the Philippines, Thailand, and Malaysia, topped the inbound arrivals to South Korea, accounting for 30.3% of the overall.

As the utilization of cell funds by worldwide travellers and the variety of travellers from Southeast Asia continues to rise, the retail trade in Korea is adopting varied cell fee strategies, notably by means of a partnership with Alipay+. For occasion, Lotte Duty-Free and handy retailer model GS25 have signed partnership agreements with Alipay+ to make the procuring expertise extra handy for worldwide shoppers.

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