New York – July 5th, 2017 – Alipay, the world’s largest online and mobile payment platform operated by Ant Financial Services Group (“Ant Financial”, “Ant”), today announced that it has signed a Memorandum of Understanding (MoU) with Han Feng Inc., a leading food supplier for Chinese restaurants and supermarkets in the US.
The MoU will enable Han Feng’s merchant partners to accept payment via Alipay, which currently has more than 520 million active users in China alone.
Through the partnership, Alipay will empower Han Feng Inc.’s 14,000 merchants to better serve and connect with Chinese consumers in North America, starting with New York and North Carolina. Alipay will also enable users to find merchants nearby, receive coupons and make purchase decisions through the app’s “Discover” function.
“Chinese consumers leverage Alipay as a Lifestyle Enabler and our partnership with Han Feng provides an experience that combines discovery and payment,” said Souheil Badran, President of Alipay North America. “By pairing Han Feng’s extensive reach within the Chinese consumer market with the familiarity of the Alipay platform, both Chinese consumers and the merchants that provide them with services will benefit from this partnership.”
“We are thrilled to partner with Alipay as Han Feng Group’s customer base offers a perfect initiating platform to promote Alipay services in the US” said Jonathan Ni, CFO, Han Feng Inc. “By maximizing Alipay’s visibility to the US consumer, we are also bringing our merchant partners access to a new revenue stream.”
Operated by Ant Financial Services Group, Alipay is the world’s leading mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 400 financial institution partners. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 8 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service is covering more than 120,000 retail stores across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 200 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 19 currencies.
About Hang Feng Group
Han Feng group is the leading supplier for Chinese restaurants and supermarkets in the United States. It began its operations in North Carolina in 1997 establishing deep business connections across the country in the last 20 years.
Green Tunnel International, a subsidiary of Han Feng Group, will represent them in the US.
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