日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Technology

China's Alipay offers mobile wallet for US sites

(Agencies) Updated: 2014-10-16 11:53

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: 大伊香蕉在线精品不卡视频 | 色爱激情网 | av老司机久久 | 奇米影视亚洲精品一区 | 亚洲射吧 | 久久婷五月 | 天天碰人人 | 成人亚洲A片V一区二区三区婷婷 | 97人人澡人人爽91综合色 | 国产福利不卡 | 久久在线播放 | 92精品国产自产在线观看48页 | 欧美日本日韩aⅴ在线视频 日韩福利视频导航 | 天天射天 | 国产区在线观看 | 成人区视频爽爽爽爽爽 | 久久中文字幕一区二区三区 | av av在线| 免费看黄的视频网站 | 欧美最爽乱淫视频免 | 日韩精品专区在线影院重磅 | 国产在线第一区 | 中文字幕综合在线观看 | 热99re久久精品2久久久 | 国产精品资源在线观看网站 | 极品狂兵电视剧免费观看 | 久草中文在线 | 久久精品小视频 | 日本 亚洲 欧美 | 天天搞夜夜操 | 久久精彩免费视频 | 人妻体内射精一区二区三四 | 日韩av成人 | 99热久久是国产免费66 | 久久se精品一区精品二区 | 激情五月在线 | 91短视频app下载 | 久久精品久久精品国产大片 | 亚洲网站在线 | 国产xxxx搡xxxxx搡麻豆 | 久草青青在线视频 |