Around the Net
Alipay Extends Payments to US Retailers
- Let's Talk Payments, Tuesday, October 28, 2014 12:05 PM
Alipay, the payments subsidiary of Alibaba Group Holdings Ltd., is extending its payment services to Western retailers starting with U.S. It has launched a new service dubbed as “ePass” which would enable U.S. retailers to e-commerce shoppers in China. ePass doesn’t offer a translation service as of now, so initially it would target shoppers who know English well. The new service would help U.S. retailers target around 500 million Chinese online shoppers.
