Ama­zon Ja­pan adopt­sUnionPay to lure Chi­nese users

China Daily (Canada) - - VIEWS -

TOKYO — Ama­ Inc’s web­site in Ja­pan will start ac­cept­ing UnionPay cards, as the web re­tailer steps up ef­forts to sell more mer­chan­dise to Chi­nese shop­pers across Asia.

China UnionPay Co, with more than 6 bil­lion cards in cir­cu­la­tion, is now a key ri­val to Visa Inc, Master­card Inc and other is­suers, and has be­come an im­por­tant way for re­tail­ers around the globe to at­tract Chi­nese tourists and con­sumers.

UnionPay can now be used across Ama­zon Ja­pan’s web­site, the Seat­tle-based com­pany said.

Ama­zon’s rev­enue in the coun­try rose 31 per­cent to $10.8 bil­lion in 2016.

Ama­zon Ja­pan is ca­ter­ing to an emerg­ing class of con­sumers who are will­ing to shop on­line within Asia, and of­fers re­duced ship­ping rates to homes and busi­nesses in China.

The num­ber of Chi­nese tourists in Ja­pan rose 28 per­cent last year to 6.4 mil­lion.

Other Chi­nese dig­i­tal pay­ment com­pa­nies are also ea­ger to ex­pand over­seas.

For ex­am­ple, Ant Fi­nan­cial Ser­vices Group’s pay­ment tool Ali­pay was avail­able in more than 70 economies and han­dled trans­ac­tions in 18 cur­ren­cies by the end of 2016.

Ali­pay also works with more than 40 fi­nan­cial in­sti­tu­tions such as BNP Paribas, Bar­clays and Wire­card, which helps it cover more than 100,000 mer­chants glob­ally.

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