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Mobile Payments

Commonwealth Bank launches Alipay in Australia

Friday 21 December 2018 | 12:57 PM CET

The Commonwealth Bank has launched Alipay in Australia and the payment app will be available on the bank’s 94,000 touchscreen devices in stores across the country.

The launch aims to streamline the payment process for Chinese tourists and to aid Australians who want to do business with China’s ecommerce platform Alibaba.

China is Australia’s largest tourism market, with 1.4 million Chinese visiting in the last year, injecting USD 10.9 billion into the local economy and 166,000 Chinese nationals studying in Australia, representing 43% of all international enrolments.

Earlier in 2018, Norway-based mobile payment app Vipps has announced a partnership with Alipay to integrate mobile payments via Alipay for Chinese tourists visiting Norway.

More: Link