May 11, 2017
This week, Alipay and First Data unveiled an agreement under which First Data merchants using the company’s Clover POS systems will be able to offer Chinese online payment method Alipay as a way to pay in stores. As the most popular payment method in China, Alipay said the partnership with First Data is a way to give the more than 4 million Chinese consumers who travel to the U.S. each year a payment experience that is familiar and reliable. While the rollout of the mobile wallet will begin with merchants using Clover, First Data said eventually it will support Alipay for all its 4 million business clients. As a QR-based technology, Alipay payments at the point of sale are considered card-not-present. First Data said it will use technology from its recent acquisition of Acculynk to tokenize the Alipay QR code for settlement.
“As Alipay’s popularity continues to spread beyond China, we are thrilled that Alipay chose First Data to support its acceptance for American businesses of all sizes,” said Frank Bisignano, chairman and CEO, First Data. “Through this agreement, we will be able to offer our unparalleled network of business clients a cutting-edge payment solution.”