Alipay teams up with Nordic partners to bring "smart tourism" to Chinese visitors

ID: 1521722
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(Thomson Reuters ONE) -


HANGZHOU, China, Sept. 22, 2017 (GLOBE NEWSWIRE) -- Alipay, the world''s largest
online and mobile payment platform, operated by Ant Financial Services Group
("Ant Financial", "Ant"), today announced that it has signed separate MoUs with
Finpro (Finland), Svensk Handel (Sweden) and the Scandinavian Tourist Board,
which will enable merchants across Nordic region to accept payment via Alipay
and reach Chinese customers before, during and after their visit via Alipay''s
in-app marketing platform.

This will bring Chinese tourists the same convenient payment and travel
experience that they enjoy in China.

Douglas Feagin, President of International Business, Ant Financial Services
Group, said, "Alipay has been leading the trend of smart living in China. People
not only use Alipay for payment, but also for settlement of all types of needs
in their daily life. As part of our globalization strategy, we are focused on
working with local partners to bring this smart lifestyle to Chinese tourists,
no matter where they go."

Over 500 merchants in Finland already accept Alipay and are searchable on
Alipay''s Discover Platform, including well-known brands in Helsinki such as
Marimekko, Iittala and Marja Kurki. Finland''s latest addition to the Alipay
ecosystem is retail giant Stockmann. ePassi, a leading e-payment company in
Europe, and the largest e-wallet in Finland, has been working with Finpro, a
government owned organization promoting trade, investment and tourism in
Finland, to promote Alipay among merchants in the country.

Alexander Yin, CFO of ePassi, said, "Together with Alipay, we are building a
smart tourism ecosystem for Chinese tourists. Now Chinese users have an easy and
flexible way to enjoy a full Finnish shopping experience without a language or


currency barrier. The convenient payment experience starts when a Chinese
tourist books his or her flight ticket and hotel room online, continues with
shopping on Finnair flights between China and Helsinki, and, once there,
encompasses everything from hop-on-hop-off buses and sightseeing in Helsinki to
shopping, dining, enjoying a classic Finnish sauna, and even meeting the Moomin
in Naantali or Santa Claus up in Lapland."

In Sweden, several merchants including luxury watch shops have already launched
Alipay through local partner Cimple in a network that is gradually expanding.
Alipay''s latest MoU with Svensk Handel ("Swedish Trade Federation"), the
employers'' association serving the entire trade and commerce sector, will see
the two sides promote Alipay with Business Sweden, an organisation jointly owned
by the Government of Sweden and representatives from the Swedish business
community. Swedish State Secretary to the Minister for EU Affairs and Trade
Oscar Stenström witnessed the signing of the MoU.

Mr. Mats Hedenström, Head of Policy at Svensk Handel, said, "In Sweden, 90% of
transactions are now cashless. We find it''s a safe and efficient solution for
both customers and merchants. Tourists may find some shops here don''t accept
cash at all. Svensk Handel''s intention in signing up with Alipay is to make it
more convenient for the growing group of Chinese visitors to enjoy shopping in
Sweden."

In Norway, 2paynow, a leading mobile payment and tax refund marketing provider
in Europe, and its sales partner APay are working with the Scandinavian Tourist
Board to introduce Alipay services to the Norwegian market in September. Per
Holte, Chairman of Scandinavian Tourist Board, said, "Numbers of Chinese
tourists, especially free independent tourists (FITs), have been increasing
rapidly in the recent years and China has become an important market for the
Scandinavian tourism industry. We will further deploy Alipay services in this
region with 2paynow to help local merchants understand and service Chinese
tourists better, which will strengthen the advantages of Scandinavian countries
as Chinese-friendly destinations."

Meanwhile, Nets, the largest Nordic vendor of digital receipt solutions, is also
bringing Alipay to merchants in Denmark and beyond.

Alipay is now accepted by more than 10 million merchants across China and by
bricks-and-mortar shops in 32 countries and territories.

According to the World Tourism Organisation, 2016 was another strong year for
outbound tourism from China, the world''s leading outbound market. International
tourism expenditure grew by US$11 billion to US$261 billion, an increase of
12%. The number of outbound travellers rose 6% to 135 million in 2016.

About Alipay
Operated by Ant Financial Services Group, Alipay is the world''s largest mobile
and online payment platform. Launched in 2004, Alipay currently has over 520
million active users and over 450 financial institution partners globally.
Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail
a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments
with doctors, or purchase wealth management products directly from within the
app. In addition to online payments, Alipay is expanding to in-store offline
payments both inside and outside of China. Over 10 million brick-and-mortar
merchants now accept Alipay across China. Alipay''s in-store payment service is
covering more than 30 countries across the world, and tax reimbursement via
Alipay is supported in 24 countries and regions. Alipay works with over 250
overseas financial institutions and payment solution providers to enable cross-
border payments for Chinese travelling overseas and overseas customers who
purchase products from Chinese e-commerce sites. Alipay currently supports 27
currencies.

About Ant Financial
Ant Financial Services Group is focused on serving small and micro enterprises,
as well as individuals. With the vision "bring the world equal opportunities,"
Ant Financial is dedicated to building an open ecosystem of Internet thinking
and technologies while working with other financial institutions to support the
future financial needs of society. Businesses operated by Ant Financial Services
Group include Alipay, Ant Fortune, Zhima Credit and MYbank.

For more information on Ant Financial, please visit our website at
www.antgroup.com; or follow us on Twitter (at)AntFinancial.

Media Enquiries
Ant Financial
Xinyun Yang
xinyun.yang(at)antfin.com
+86 138 1689 6301




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Ant Financial Services Group via GlobeNewswire






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Date: 09/22/2017 - 05:42
Language: English
News-ID 1521722
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