Alipay to be accepted by more UK retailers following Barclaycard deal

By Olivia Minnock
Chinese epayment giant Alipay has partnered with UK payments provider Barclaycard to allow more retailers in the UK to accept payment via the app. Bar...

Chinese epayment giant Alipay has partnered with UK payments provider Barclaycard to allow more retailers in the UK to accept payment via the app.

Barclaycard will offer software to stores across the UK to update existing point-of-sale systems so Alipay can be supported, without the need for additional tools.

With Chinese tourists to the UK expected to spend around £1bn this year, it’s vital that this popular payment method can be integrated quickly and easily instore. Alipay has more than 500mn users who could stand to benefit from this infrastructure if they choose to travel to the UK.

SEE ALSO:

Rob Cameron, Global Head of Payment Acceptance at Barclaycard, commented: “Thanks to the significant investments we’ve made in our platform, our clients have access to a growing range of payment types, each of which can help them increase market share by meeting the needs of new customers.

“Our new agreement with Alipay gives retailers a vital tool to help them seize the revenue opportunity posed by the growth of Chinese visitors to the UK. At the same time, Alipay users will benefit from a more convenient and familiar instore payments process – enhancing their overall shopping experience.”

Share

Featured Articles

Eric Hussey, Finastra joins FinTech LIVE New York

Eric Hussey, Senior Vice President and Chief Information Security Officer at Finastra to speak at FinTech LIVE New York

Upcoming Events: FinTech LIVE 2024

Discover what’s still to come in 2024 for FinTech LIVE including virtual, in-person events and awards

SAVE THE DATE: FinTech LIVE New York

FinTech LIVE returns this summer with FinTech LIVE New York on 17 June 2024 – The ultimate virtual event for fintech leaders in North America

WE’RE LIVE! FinTech LIVE Dubai

Digital Payments

Amberdata: RWA tokenisation gains significant momentum

Tech & AI

WE’RE LIVE! FinTech LIVE Singapore

Banking