Alipay, a mobile payment platform operated by Ant Financial, has partnered with fintech firm SnapPay to further expand its presence in Canadian market.
The agreement will allow retailer in Canada to accept Chinese currency from Chinese consumers through a mobile wallet.
Arcteryx, Canada Goose, Lululemon, Viva Naturals, Aldo and SunRype are among the 700 Canadian merchants that are already accepting Alipay.
Alipay North America president Souheil Badran said: “By partnering with SnapPay, we are connecting sought-after Canadian retailers and brands with Chinese consumers who want to be able to pay with a familiar payment method.”
“We want to continue offering Chinese consumers visiting Canada the ability to pay as they would in China,” said Badran.
The move is part of Alipay’s global expansion strategy under which it recently added expanded its partners base in Nordic market .
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.
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 GlobalDataAlipay, which was launched in 2004 by e-commerce giant Alibaba, has more than 520 million users.