[October 19, 2017] |
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Alipay Partners with Poynt to Provide Millions of Chinese Travelers with Seamless Payment Acceptance on Smart Terminals Across North America
Alipay, one of the world's leading digital payment platforms, has
partnered with Poynt, the maker of the world's first smart terminal, to
enable Alipay's more than 520 million registered users in China and
beyond to pay with Alipay across all Poynt devices in North America.
Through the agreement, Alipay users visiting North America will enjoy a
seamless, familiar checkout experience using the payment method that is
most comfortable for them. Alipay is China's leading online payment
provider and the primary means of online and mobile payments for Chinese
consumers.
This press release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20171019005500/en/
Alipay QR payment experience on the Poynt Smart Terminal (Photo: Business Wire)
"Given all the capabilities built into Poynt's hardware and software,
and its agnostic approach to acquirers, we will be able to deliver a
truly integrated payment solution for retailers, as well as the simple
payment experience our users are accustomed to," said Mr. Souheil
Badran, President, Alipay North America. "We partnered with Poynt
because we both share a commitment to enabling a modern commerce
experience for merchants and customers alike."
Poynt was started
in 2013 by Google Wallet founder and former PayPal (News - Alert) executive Osama
Bedier to revolutionize the payment experience for merchants and their
customers. The Poynt Smart Terminal features innovations like dual
touchscreens, wireless connectivity via 3G, WiFi (News - Alert) or ethernet, seamless
connection to a merchant's existing payment processor, and thanks to
multiple payment options, lets consumers pay the way they like. Their
newest terminal, the Poynt 5, features all of the Poynt Smart Terminal's
most popular features on an innovative, single screen handheld mobile
POS available to enterprise merchants.
"We are thrilled to partner with Alipay. Acquirers and merchants choose
Poynt terminals to deliver on consumers' increasing tech-rich
expectations; this partnership furthers our mission to empower merchants
with technology superpowers and consumers with the best shopping
experience," said Mr. Osama Bedier, CEO of Poynt.
Poynt enables Alipay QR Code payments as part of its existing payment
capabilities that include Mag Stripe, EMV, NFC and Gift Cards. As the
first smart terminal to offer Alipay acceptance in the world across
acquirers, merchants utilizing Poynt terminals will be able to accept
Alipay without the need for any additional integration or hardware.
About Alipay
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 (News - Alert)
@antfinancial and @alipay.
About Poynt:
Poynt's mission is to fix a broken commerce infrastructure by bringing
developers, distributors and merchants together on an open platform.
Founded in 2013 by Google (News - Alert) and PayPal veteran Osama Bedier, Poynt is
headquartered in Palo Alto, California and is backed by Matrix Partners,
Oak HC/FT Partners, Stanford-StartX Fund, Webb Investment Network, NYCA
Partners, Google Ventures, and other individual investors. Find out more
at poynt.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171019005500/en/
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