Ali­pay, CBA part­ner up on pay­ments

China Daily (USA) - - BUSINESS -

Chi­nese tourists and stu­dents will have an al­ter­na­tive way to pay for goods and ser­vices while in Aus­tralia, thanks to a new agree­ment signed on Mon­day by Com­mon­wealth Bank of Aus­tralia and China’s Ali­pay, the multi­bil­lion-dol­lar fi­nance busi­ness of Alibaba’s founder JackMa. Un­der the mem­o­ran­dum of un­der­stand­ing Ali­pay.com, which is op­er­ated by Ant Fi­nan­cial Ser­vices Group, an af­fil­i­ate com­pany of the Chi­nese Alibaba Group, will col­lec­tively come up with in­no­va­tive pay­ment so­lu­tions. They will en­able Aus­tralian con­sumers to pay for pur­chases made through Alibaba Group’s e-com­merce web­sites in­clud­ing AliEx­press, a plat­form used by Chi­nese mer­chants to sell to global con­sumers.

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