AliPay enters Czech Republic ⋆

AliPay enters Czech Republic

China’s biggest mobile payment app AliPay from the group Alibaba is expanding into the Czech Republic, reports MobilMania.cz.

Since the end of June, it has been accepted at the duty free zone of Vaclav Havel Airport in Prague and is now accepted at the Prague The Styles Outlet, too.

With payment applications, you can pay wherever you can spend with a card. Payment is simply by attaching the phone to the terminal.

“Alipay has more than a hundred merchants in the Czech Republic. The largest customer is Lagardere Travel Retail at Prague Airport, “ said Simona Svobodová, director of Sims Management, which Alipay represents in the Czech Republic.

Its entry to the Czech Republic is part of its European expansion, in 2017, AliPay became available in six European countries and by the end of this year, this will rise to twelve. It has signed agreements to cooperate with more than 100 banks and 40 technology companies, reported EcommerceNews.com.

185,000 Chinese tourists in Czech Republic in Q2

For payment applications, it is crucial that the client’s bank cooperates with the operator. Without this, Alipay’s entry into the Czech Republic will only be important for Chinese tourists. Those in the Czech Republic, according to the Czech Statistical Office, are increasing significantly. In the second quarter, there were 185,000. Year-on-year it was a jump of more than a quarter.

“We are talking about extending the Alipay payment solution to the terminals of one of the largest banks on the Czech market for more than ten thousand traders,” said Svobodová of Sims Management. The game of cooperation with the Chinese payment platform is Moneta Money Bank. “We are cooperating with Alipay,” Jakub Švestka, a spokeswoman for the financial institution , said.