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

CTOnews.com, November 7 (Xinhua) nowadays, mobile payment solutions based on QR code / NFC are becoming more and more common, and merchants large and small can quickly accept digital payments without any additional point-of-sale (POS) infrastructure, which also helps promote the adoption of mobile payments, especially in Asia.

In South Korea, for example, GlobalData forecasts that the value of e-wallet transactions will triple from $181.6 billion in 2020 to $503.5 billion in 2024.

In China, it is not difficult to find a citizen without a bank card, but it may not be easy to find someone who does not know how to pay by mobile phone, because consumers can pay through a simple QR code scan anytime and anywhere, which is often more convenient than cash.

The same is true of consumers in other Asia-Pacific countries. Therefore, it is necessary for merchants to adjust their services, including payment services. South Korean mobile payment service Kakao Pay has access to Alipay Alipay+, about 38 million Kakao Pay users will be able to pay on China's main e-commerce platforms and offline stores, according to South Korea's Asia Daily.

According to reports, South Korean Kakao Pay users can then choose Kakao Pay for settlement when paying on the Chinese e-commerce platform Shanghai Amoy.

Zhao Ying, president of Ant Group's international business, said that Alipay Plus currently covers more than 2.5 million global merchants, including more than 1000 online platforms, more than 10 international airports, more than 90,000 chain convenience stores, 360000 restaurants and so on, with more than 1 billion users in Asia alone.

CTOnews.com learned that Alipay + is a payment system launched by Alipay in 2022 that connects merchants and consumers around the world.

Through the integration of Alipay+, merchants can automatically accept the most popular e-wallets in China, South Korea, Philippines, Thailand, Indonesia, Malaysia, India, Japan and other countries or regions.

Merchants do not need to open accounts for e-wallets in each specific country, but can accept everything in the Alipay + integrated system.

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