Shulou(Shulou.com)11/24 Report--

CTOnews.com Sept. 26, Ant Group announced on September 26 that it will integrate Alipay + cross-border digital payment solution in South Korea. E-wallet users, including AlipayHK in Hong Kong, GCash in the Philippines, Touch'n Go eWallet in Malaysia and TrueMoney in Thailand, can pay to 120000 merchants when traveling in South Korea. The initial phase of the launch covers major tourism activities, including payments for taxis, duty-free stores, convenience stores and restaurant chains.

CTOnews.com learned that Alipay +, launched by Ant Group, is a global cross-border digital payment and marketing solution designed to enable companies to handle a wide range of mobile payment methods and better serve regional and global consumers through simple technological adjustments.

Ant Group said that the theme of this year's World Tourism Day is "rethink Tourism", and Alipay + has been achieving the same goal, supporting cashless and smart travel experiences. Through innovation and digitization, it is hoped that Alipay + can play a role in the transformation of tourism into an important pillar of development.

In early September, South Korea lifted the pre-travel Covid-19 test for inbound passengers after deciding to abolish all quarantine requirements for foreign entrants, regardless of their vaccination status.

South Korea's long-standing popularity as a destination for tourism, shopping and K-pop makes it the first choice for international tourists as Asian tourism is recovering. According to the statistics of the Korea Tourism Bureau, the number of foreign tourists to South Korea exceeded 800000 in the first half of this year, an increase of 92.8 percent over the same period last year. Tourists from ASEAN countries such as the Philippines, Thailand and Malaysia topped the list of arrivals from South Korea, accounting for 30.3% of the total.

With the use of mobile payments by international travelers and the increasing number of travelers from Southeast Asia, Korean retailers are adopting various mobile payment methods, especially through cooperation with Alipay +. For example, Rakuten duty-free store and convenience store brand GS25 signed an agreement with Alipay + to provide international consumers with a more convenient shopping experience.

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