More than 450 million people globally use mobile payment service Alipay and soon North American businesses will be able to accept it as well. First Data will implement Alipay, the world’s largest online and mobile payment platform, at the point-of-sale for its four million U.S. business clients, beginning with First Data’s clients that use the Clover suite of solutions.
“Our goal is to extend reliable payment services to the over four million Chinese consumers that visit North America every year,” said Souheil Badran, President, Alipay North America. “Extending our partnership with a premier partner like First Data provides the merchants with a seamless integration and access to consumers who want to continue paying with their lifestyle mobile app.”
In addition to online payments and money transfers, users can hail a taxi, book a hotel, buy movie tickets, and make doctors’ appointments directly from within the app. Alipay is expanding to in-store, offline payments at brick-and-mortar stores across the globe, and this new partnership with First Data will provide more North American merchants and retailers the ability to accept payments from millions of overseas customers who already know and trust the platform.
As part of the agreement, Alipay transactions will be routed through Acculynk, First Data’s recently-acquired technology company that provides innovative debit routing solutions. During the Alipay transaction, Acculynk will tokenize the Alipay QR code for settlement.
“With the help of Acculynk’s gateway technology, First Data will be able to quickly implement Alipay for its large client base, so businesses can start accepting Alipay transactions in a seamless manner,” said Ashish Bahl, founder and CEO of Acculynk.
This collaboration builds upon First Data and Alipay’s existing partnership which began in 2016, when the two companies successfully piloted the implementation of Alipay in select high-end and specialty retail locations in California and New York.