在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Technology

China's Alipay offers mobile wallet for US sites

(Agencies) Updated: 2014-10-16 13:57

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: 日韩精品视频免费在线观看 | 少妇特黄a一区二区三区 | 91精品福利 | 天天草天天| 成人激情视频在线观看 | 欧美综合激情 | 一级特黄aaaaaa大片 | 在线看日韩 | 日韩性生活视频 | 成人a毛片 | 日韩欧美在线播放 | 超碰天天操 | 久草综合网 | 亚洲第十页 | 精品国产91乱码一区二区三区 | 青青草久久 | 99国产精品99久久久久久粉嫩 | 色婷婷香蕉在线一区二区 | 亚州av在线 | 手机看片国产 | 欧美视频一区二区 | 精品欧美一区二区精品久久 | 男女插插插视频 | av2014天堂网| 91青青| 国产视频网 | 色综合五月 | 成人做爰69片免费 | 亚洲九九夜夜 | 亚洲福利专区 | 午夜成人影片 | 91久久久久国产一区二区 | 一个色综合网 | 91久久久久 | 亚洲天堂网在线观看 | 性生活视频网站 | 欧美一区二区三区视频 | 一级黄色录相 | 中文字幕在线免费视频 | 日韩少妇视频 | 美女福利网站 |