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Macau.com selects Alipay for online payments in CNY

Tuesday 10 November 2009 13:57 CET | News

Macau.com, an online destination marketing and travel company now accepts online payments in Chinese Yuan Renminbi (CNY) via the Alipay system.

As a result, mainland Chinese customers can buy packages and more travel products on Macau.com, and pay online in CNY with their Alipay account directly. Alipay delivers ecommerce payment technology and risk management system for banks and financial institutions. The company guarantees all transactions made via the Alipay escrow system and reimburses any buyer or seller who has utilised the system and has become a victim of fraud. As of July 2009, Alipay had over 200 million users and a daily transaction volume exceeding CNY 700 million in 4,000,000 transactions.

 

 

 


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Keywords: Macau, Alipay, online payment, Chinese Yuan Renminbi, escrow system, risk management system
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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