Chinese visitors to experience improved cashless experience via Alipay soon

Published on : Tuesday, June 27, 2017

AlipayToday Alipay, the world’s largest online and mobile payment platform managed by Ant Financial Services Group (“Ant Financial”, “Ant”) declared that it has signed a MoU with the Government of Monaco few days back. This will allow businessmen in Monaco to accept payment through Alipay, thereby providing Chinese tourists the same convenient payment method which they enjoy in their country.


To quote Douglas Feagin, President of International Business, Ant Financial Services Group, ‘as part of our globalization strategy, we are focused on working with local partners to bring a seamless Alipay mobile payment experience to Chinese tourists, no matter where they go. The MoU makes Monaco the 12th country in Europe to accept Alipay, and we are very excited to launch the platform in the principality in collaboration with the Government of Monaco and our banking partner BNP Paribas.’


To quote H.E Mr Serge Telle, the Prime Minister of Principality of Monaco, ‘the future is becoming cashless, and China is increasingly leading the market in mobile payment innovations. It is exciting that these frictionless payment methods are available to our Chinese visitors for the first time and we look forward to seeing this partnership come to fruition.’


The MoU was decided at a ceremony attended by senior dignitaries and business figures:


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