Thursday, 29 August 2019 03:33

Adyen, Alipay partner on global payments initiative Featured

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 Payment platform Adyen is collaborating with Chinese leading payments platform Alipay to support payment methods for the AliExpress, Taobao, Tmall and Alibaba.com brands globally.

Adyen says the partnership with Alipay means that it will support Alibaba - operator of the global retail commerce business offering services to consumers, merchants and brands – to facilitate payments outside of Chinese mainland for AliExpress, Taobao, Tmall and Alibaba.com as the Alibaba Group looks to enhance and streamline existing payment management operations.

“Adyen’s products are built with fast-growing, fast-moving businesses like Alibaba in mind. Adyen is designed to deliver real-time, data-driven and quickly scalable payment options. Alipay can utilise Adyen’s rich insights into payment authorization to help ensure higher transaction approval rates and an elevated level of user experience for our customers,” said Clara Shi, Head of Financial Institution Strategic Partnership, International Business Group, Alipay.

“We look forward to continuing our growth trajectory with Adyen,” said Shi.

Adyen says that with the collaboration in place, the benefits of using Adyen’s solutions include higher approval rates, shorter settlement cycles and access to granular data insights to drive optimisation of the payment process.

Adyen’s solution also offers Alibaba the ability to turn on additional payment methods quickly to build trust with local customers.

“At Adyen, our goal is to remove complexity from the payment process. Our solutions are created for fast-growing global giants like Alibaba who want to create a frictionless, uniform experience for their customers regardless of geography,” said Warren Hayashi, President of Adyen, Asia-Pacific.

“We’re pleased to partner with Alipay and to be part of Alibaba’s journey as they seek to enter new markets and acquire new customers”.

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