WeChat Pay and Alipay Go Global
2018-11-21 10:39 Wednesday
Dairy Farm Singapore Group and NETS have announced a strategic partnership with WeChat Pay, which will make WeChat Pay an official payment channel for retailers in Singapore. The partnership will begin at 7-Eleven and Guardian outlets.
Beginning from November 1, 2018, WeChat Pay users are able to use the platform at over 600 retail outlets in Singapore, including Cold Storage, 7-Eleven and Guardian stores. According to the Singapore Tourism Board, visitors from China increased approximately 13%, from 2.8 million in 2016 to 3.2 million in 2017. The agreement between Dairy Farm Singapore NETS, and WeChat is expected to provide more convenient payment functions for Chinese tourists in Singapore, which is expected to further spur growth.
"With this partnership, 7-Eleven and Guardian along with Cold Storage and Giant will be able to make use of its existing NETS uPOS terminals to accept WeChat Pay, in addition to existing NETS, QR, NETS FlashPay, credit and debit payments." said NETS' Head of Merchant Services, Alvin Seck.
In addition to Southeast Asia, China's mobile payment services have also established a presence in the Middle East. AliPay, WeChat Pay's main competitor in China, began offering its services to Chinese tourists visiting Israel in January. Israel Credit Card and OneBill will be partnering with Alipay to facilitate payments for Chinese visitors to Israel.
Closer economic ties between the two countries have led to a sharp increase in the number of Chinese tourists visiting Israel in recent years. According to the Israeli Ministry of Tourism, 114,000 Chinese tourists visited Israel in 2017, an increase of 41% from 2016. Israeli exports to China surpassed $2.8 billion in the first half of 2018, accounting for 8.7% of all total exports, according to data from Israel's Central Bureau of Statistics.
The availability of Alipay makes Israel the first country in the Middle East to support in-store mobile payment service，a major component of Alipay's overseas expansion plans. The service is available for Chinese tourists and business travelers visiting Israel. In addition, Israel's national airline El-Al and James Richardson Duty Free chain stores will soon accept Alipay. Diamond Mines, a high-end jewelry chain, began accepting Alipay recently, as well.
"Our users are traveling to Israel to see the unique heritage of this country, enjoy local experiences, make lifetime memories and bring home high-quality local products, Chinese travelers are seeking to travel and pay with only their mobile phone when they are abroad — just as they do when they are in China. So we are excited to see our partners bringing Alipay to the Middle East for Israeli experiences, local shops and in-flight payments," Li Wang, Head of EMEA at Alipay, said.