The Commonwealth and Alipay will also work together on a payment solution to allow Chinese tourists and Chinese students to use Alipay in-store payments at Australian retailers, businessinsider.com.au reports.
Last year, China overtook the US as the world’s largest market in mobile payments with a transaction volume of USD 235 billion.
About 19,000 Chinese tourists visit Australia every week and spend almost USD 8,000 each.
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