Verifone & Alipay First to Simplify Taxi Payments for Chinese Travelers in North America
NEW YORK and LAS VEGAS (OCTOBER 17, 2017) – Verifone (NYSE: PAY), a world leader in payment and commerce solutions, and Alipay, the world’s leading third-party payment platform, announced today the extension of their existing global partnership to Verifone Taxi Solutions. Through the agreement, Chinese consumers traveling in New York and Las Vegas will be able to pay for taxis in the U.S. for the first time using their Alipay Mobile Wallet.
By the end of October, 2,100 taxis in Las Vegas will accept Alipay upon checkout, and an additional 14,000 taxis in New York City are slated to accept Alipay in November this year.
“Paying for taxis can be one of the most stressful elements of traveling abroad, particularly if you don’t speak the language,” said Souheil Badran, President, Alipay North America. “By extending our partnership with Verifone to taxis in New York and Las Vegas, two of the most popular destinations in America for Chinese tourists, we are giving greater confidence to Chinese travelers that they will be able to pay for their taxi ride using the same convenient payment method they use at home, without language barriers.”
Alipay is China’s leading online payment provider and the primary means of online and mobile payment for Chinese consumers. As millions of Chinese travelers continue to visit North America, the partnership makes it easy for Chinese shoppers to use their Alipay Mobile Wallet on Verifone devices.
“Chinese visitors to the U.S. are increasing in number every year and we are continuing to elevate the cashless payment experience by making it easy to pay inside American taxi cabs,” said Amos Tamam, Senior Vice President of Global Taxi Systems, Verifone. “Enabling Alipay acceptance is yet another example of leveraging our smart transportation platform to drive utilization of traditional taxis which offer the safety of licensed and professional drivers along with predictable pricing.”
Alipay in stores driving brand visibility, traffic and sales through its in-app marketing tool. With Verifone’s mobile point-of-sale, retailers can accept Alipay anywhere in the store and implement marketing campaigns targeting Chinese consumers who use the Alipay app. Verifone will be at Money20/20 USA, October 23-25, 2017.
Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active users and over 200 domestic 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 10 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service covers more than 30 countries across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 250 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 27 currencies. Follow us on Twitter @antfinancial and @alipay.
Verifone is transforming every day transactions into new and engaging opportunities for merchants and consumers at the last inch of payments and commerce. Powered by a growing footprint of more than 30 million devices in more than 150 countries, our people are trusted experts working with the world’s best-known retail brands, financial institutions, and payment providers. Verifone is connecting more products to an integrated solutions platform to better meet the evolving needs of our clients and partners. Built on a 35-year history of uncompromised security, we are committed to consistently solving the most complex payment challenges. Verifone.com | (NYSE: PAY) | @verifone.
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