Alipay launches service in Hong Kong dollars

No primary category set

The Alibaba payments division Alipay is branching out and is taking its first step to offering non-yuan payment options with the release of a version of the app dealing in Hong Kong dollars.

Serviced by Alibaba’s financial services unit Ant Financial the new HK dollar AlipayHK app will be accepted from today at more than 2000 shops in Hong Kong. In due course the 8000 and more Hong Kong retailers that currently accept the yuan-based app will accept the service too.

Douglas Feagin of Ant Financial says: “Introducing local currency mobile payments to Hong Kong is an important step forward in Ant Financial’s mission to bring our services to more users in more markets.”

Alibaba is firing on all cylinders and is becoming ever more dominant in the Asia ecommerce arena. Lately they’ve expanded services in the Philippines, Indonesia and Singapore. This advance in Hong Kong is part of that march forward.

RELATED POSTS..

AliExpress £2 Million in Rewards for UEFA EURO 2024 Fans

AliExpress £2 Million in Rewards for UEFA EURO 2024 Fans

Alibaba.com Officially Launches Alibaba Guaranteed

Alibaba.com Officially Launches Alibaba Guaranteed

Online B2B spend on Sporting Products on the rise

Online B2B spend on Sporting Products on the rise

Alibaba.com Academy for Women Entrepreneurs

Alibaba.com Academy for Women Entrepreneurs

Why online B2B sourcing can be a catalyst for SME growth

Why online B2B sourcing can be a catalyst for SME growth

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars