Alipay to operate in Taiwan

Mainland-based electronic payment platform Alipay received official approval for payment service in Taiwan in Q4 2015. Alipay’s operator, Ant Financial, made the announcement in late October without providing specifics. Alipay and E. SUN Commercial Bank will work together on the QR mobile payment service to over 3000 shopping malls and convenience stores where Chinese tourists usually go to offer the service by the end of 2015.

Taiwan had nearly 4 million Mainland tourists last year, according to the Taiwan Tourism Department.

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