Alipay partners with six mobile wallets in Europe over QR code-based digital payments

Maria Nikolova

Bluecode, ePassi, Momo Pocket, Pagaqui, Pivo, Vipps and Alipay are working towards adopting a unified QR code based on Alipay technology.

Payments app Alipay has announced its collaboration with six mobile wallets in Europe to promote the easy use of QR code-based digital payments for travellers both on the Continent and from China.

Aiming for a launch this summer, Austria’s Bluecode, Helsinki-based ePassi, Spanish payments app Momo Pocket, Pagaqui of Portugal, Finland’s Pivo, Oslo-based Vipps and Alipay are working towards adopting a unified QR code based on Alipay technology. ePassi and Bluecode will offer technical services to the participating wallets to simplify the integration process.

Following the completion of the rollout, users of the six participating European digital wallets will be able to make QR code-based payments with their home apps at local merchants in 10 European countries where those apps are accepted. For merchants, this means accepting payments not only from users of their home-market apps but also from those of the six other partners.

The six mobile wallets count more than 5 million users among them, with about 190,000 merchants in Europe accepting payments via the apps. Alipay currently serves over 1 billion users with its Asia-based local e-wallets partners, many of whom are Chinese travelers increasingly heading to Europe for both business and holiday.

Helsinki-based ePassi and Oslo-based Vipps have started to prepare to release the standardized QR-code payments across several Nordic countries, following a similar agreement with Alipay announced last December where they would use Alipay’s QR-code technology to allow their respective customers to use the apps in each other’s markets. Momo, Pagaqui and Bluecode are aiming for rollout later this summer in their home markets. Alipay said it expected to expand these partnerships into more European countries and companies in the future.

As of May 2019, Alipay was accepted in 55 countries or regions in the world, of which 29 are in Europe.

Read this next

Fintech, Uncategorized

LiquidityBook welcomes JonesTrading to LBX Post-Trade Hub

“As we near the T+1 deadline, we are excited to continue helping firms achieve straight-through processing in addition to delivering new enhancements to our comprehensive range of cloud-native buy- and sell-side trading solutions.”

blockdag

Should I Invest Today? Which Altcoins Could Make 2-5X Profits Amid the Latest News?

Investing in cryptocurrencies can be a journey full of surprises, given their volatile nature.

Executive Moves

Bakkt promotes Ray Kamrath to CCO of Crypto

Bakkt has promoted Ray Kamrath to Chief Commercial Officer of the company providing custody, trading, and onramps to the crypto space.

Industry News, Uncategorized

HSBC relocates US headquarters to The Spiral, New York

HSBC has opened its new U.S. headquarters at The Spiral, a renowned office building in New York City’s Hudson Yards neighborhood.

blockdag

Best Cryptos to Buy Before the Real Bull Run Kicks Off

With the bull run of 2024 already underway, investors are eager to identify cryptocurrencies that promise significant growth.

Market News

This time is different – is it?

The stock market wants lower interest rates – or rather, it has been expecting them for months. Justified? The US economy looks very robust, so higher interest rates would actually be the order of the day.

Industry News

CFTC fines JP Morgan $200 million for not monitoring billions of orders

In 2021, in the course of onboarding a new trading exchange, J.P. Morgan discovered its surveillance of trading on multiple venues and trading systems was not operating correctly, resulting in gaps in J.P. Morgan’s trade surveillance on these venues.

Fintech, Payments

PayRetailers Expands in Brazil with Acquisition of Transfeera

PayRetailers strengthens its presence in Brazil by acquiring the payment institution Transfeera, aiming to enhance its technological capabilities and expand its customer base.

blockdag

Top Bullish Crypto: Fetch.ai & Pepe Coin Price Surge, But BlockDAG Sees Investor Rush as X Series Miners Stand Out

Compare Fetch.ai (FET) Bull Run, Pepe Coin price, and top bullish crypto BlockDAG. Discover why BlockDAG’s innovation and growth potential make it the best choice.

<