Alipay Expands Its Services To North America Through Cooperative Agencies
Beijing time December 21st news: Alibaba's subsidiary Alipay has reached a cooperation agreement with the US consulting firm Philliou Selwanes Partners (PSP). PSP will become Alipay's cooperation agency and promote Alipay's services in North American businesses.
Alipay President Lu Zhaoxi said Alipay is the most popular online payment system in China, and it is natural to expand this service to North America.
PSP partner Philip J. Philliou said that at present, the development of US retailers has received different restrictions from the local payment systems, and cooperation with Alipay can remove these obstacles.
In addition to other payment products, PSP will cooperate with selected online merchants and business acquirers in the coming weeks to integrate Alipay into their payment system.
As of November 2007, Alipay has about 56000000 users in China, increasing by more than 80 thousand new registered users per day.
Alipay has an average daily turnover of more than $23 million, with an average daily turnover of 1 million 170 thousand pens.
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