GHL, a leading payment service provider in Asia, has recently announced that over 2,600 Thai businesses now have access to Alipay+ through their platform. This move is expected to boost the growth of cross-border e-commerce between Thailand and China, as Alipay+ is one of the most popular payment methods used by Chinese consumers.
Alipay+ is a mobile payment platform developed by Ant Financial, an affiliate of Alibaba Group. It allows users to make payments using their mobile phones, and is widely used in China for both online and offline transactions. With the integration of Alipay+ into GHL’s payment platform, Thai businesses can now accept payments from Chinese consumers who use Alipay+.
This is a significant development for Thai businesses, as China is one of the largest markets for e-commerce in the world. According to a report by eMarketer, China’s e-commerce market is expected to reach $2.8 trillion by 2021. By accepting payments through Alipay+, Thai businesses can tap into this lucrative market and expand their customer base.
GHL’s partnership with Alipay+ also provides a more convenient payment option for Chinese tourists who visit Thailand. With the integration of Alipay+ into GHL’s payment platform, Chinese tourists can now use their mobile phones to make payments at Thai businesses that accept Alipay+. This eliminates the need for them to carry cash or exchange currency, making their shopping experience more seamless and hassle-free.
In addition to Alipay+, GHL’s payment platform also supports other popular payment methods such as WeChat Pay and UnionPay. This makes it easier for Thai businesses to cater to the needs of Chinese consumers, who have a preference for using mobile payment methods.
Overall, the integration of Alipay+ into GHL’s payment platform is a positive development for Thai businesses looking to expand their reach into the Chinese market. With the growing popularity of mobile payments in China, accepting payments through Alipay+ is a smart move for businesses looking to stay competitive and attract more customers.
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- Source: Plato Data Intelligence.