Ant Group expands acceptance of Asian e-wallets in China for seamless payments

Chinese financial technology company Ant Group has introduced seven new leading e-wallets and payment apps from Asia to the Chinese mainland, as the company aims to improve the online payment experience for overseas travelers and foreign residents during the upcoming 19th Asian Games in Hangzhou.

Ant Group said users of mPay (Macao SAR, China), Hipay (Mongolia), Changi Pay (Singapore), OCBC (Singapore), Naver Pay (South Korea), Toss Pay (South Korea) and TrueMoney (Thailand) will be able to use their familiar home e-wallet on their own phone to enjoy seamless mobile payment experience on the Chinese mainland across Alipay's vast merchant network.

The new additions bring the total number of overseas e-wallets accepted on the Chinese mainland to 10. AlipayHK (Hong Kong SAR, China), Touch 'n Go eWallet (Malaysia), and Kakao Pay (South Korea) piloted the program in late 2022. In total, these payment methods reach a population of over 175 million in Southeast and East Asia.

Users of these e-wallets can use their own payment app wherever Alipay works to enjoy cashless payment and transparent and competitive exchange rates, the company said.

Eric Jing, chairman and CEO of Ant Group, said it is incredibly inspiring to see such regional multi-party partnerships help travelers enjoy greater choice and convenience, and small businesses thrive in cross-border commerce with innovations.

A suite of cross-border mobile payment, marketing and digitalization solutions developed by Alipay+, the international business group of Ant Group, enables payment partners to connect global and local merchants to cross-border digital consumers.

fanfeifei@chinadaily.com.cn