$20m Bud funding

Spanish banking group Banco Sabadell has signed a deal with e-commerce company Alibaba to enable Alipay users make purchases at Spanish stores.

Alipay is a payments platform operated by Ant Financial Services Group, which is itself an affiliate of the Alibaba group.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Under the latest agreement, Spanish stores using Sabadell’s POS terminals will be able to accept payments made through the Alipay app.

Banco Sabadell is said to have more than 300,000 POS terminals deployed across stores in Spain.

These Android POS terminals are equipped with a camera that includes an integrated QR code reader.

Banco Sabadell financial services head Anna Puigoriol said: “The deal with Alipay represents a huge achievement for Banco Sabadell, as we have had to make it possible for Alipay users to make payments by scanning QR codes with their mobile phones.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We are very pleased with all we have done to achieve this, as we have created a portfolio of valid solutions that can be used for all types of customers that bank with Sabadell, both small shops and major chain stores.”

Alipay business development director for EMEA Tao Tao added: “We are pleased to establish the strategic partnership with Banco Sabadell, together we will utilise the Alipay digital marketing platform and next generation mobile payment technologies to provide the best shopping experience to Chinese tourists in Spain.”