Alipay has partnered with JPMorgan Chase to create a mobile wallet payment option for Chinese consumers traveling in North America.
Alipay, China's leading online payment provider, recently announced a partnership with Verifone that would allow 2,100 taxis in Las Vegas and 14,000 taxis in New York City to accept the payment solution.
This new partnership will also open up users of Alipay to many new purchasing opportunities connected to the Chase name.
The payment platform works with more than 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelers. Alipay currently supports 27 currencies.
Using Alipay's geolocation-based function, known as Discover, Chinese travelers can get push notifications within the Alipay app that informs the shopper when accepting merchants are nearby. This enables local merchants to better target these tourists.
“We are thrilled to work with JPMorgan Chase as we seek to continue growing the number of retailers who accept Alipay across North America,” said Souheil Badran, president of Alipay North America. “Partnering with JPMorgan Chase will help more U.S. merchants extend secure payment services to Chinese tourists.”