The international offshoot of Chinese ubiquitous payment platform Alipay, Alipay+, has been on a rapid expansion. Yet, unlike other at Chinese companies, this move has gone relatively unchecked by governments and regulators alike.
For the expansion, Alipay+ has teamed up with multiple international payments wallets, including South Korea’s KakaoPay, Italy’s Tinaba, Australia’s epay and Singapore’s Changi Pay. Alipay+ operates as payment rails, allowing for cross-border mobile payments through the apps native to the country of the user in select overseas merchants.
