CHINAEUROPE AFRICAASIA 中文双语Français
Business\Photos

Ten Chinese companies eyeing BRICS markets

chinadaily.com.cn | Updated: 2017-08-31 07:12
No 5 Alipay expands into Russia
Ten Chinese companies eyeing BRICS markets

An employee scans a quick response (QR) code displayed on Alipay app at a store in Hong Kong. [Photo/VCG]

Reuters reported on Aug 4 that Chinese third-party payment platform Alipay has entered partnership with VTB Group, one of Russia's largest banks to expand merchant network in the country.

VTB has started merchant acquiring for Alipay payments service on a pilot basis and will roll out this service across its entire network of around 100,000 merchants later this year.

According to bankingtech.com , Alipay arrived in Russia in April – in a limited number of souvenir shops in Moscow and St Petersburg and later in July, it announced a partnership with Moscow's Department of Public Transportation to enable Chinese tourists to use Alipay to buy bus or metro tickets in the capital.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US