Unlimint and Alipay+ to improve payments for one billion customers
Global fintech company Unlimint has partnered with Alipay+ to expand its global online payment portfolio.
Unlimint says this partnership will further strengthen its global offering and open up new opportunities for eCommerce and online businesses worldwide, enabling the company to better reach the more than one billion users of digital payment tools brought by Alipay+.
Unlimint says its new and existing merchants from industries like digital commerce, e-learning, gaming and SaaS will now gain access to many e-wallets and bank apps from across Asia, allowing them to enhance their customer services and streamline existing payment management operations. It will also expand their outreach and sell to millions of new customers in the APAC region.
Launched in 2020, Alipay+ is a suite of global cross-border digital payments and marketing solutions operated by Ant Group. It supports a wide range of digital payment methods, including e-wallets and bank apps, such as GCash in the Philippines, Kakao Pay in South Korea, Klarna in Europe, and Alipay in China.
Unlimint says with innovative technologies and solutions, Alipay+ brings an easy way to capture digital-first customers and makes it easier and more convenient for merchants to serve users of Asia's leading digital payment service providers.
The one-stop integration feature provided by Alipay+ allows payment services and merchants to access all existing and later-onboarded digital payment methods brought by the solution through a unified interface and standardised business rules without additional technical adaption.
Unlimint says research shows by 2025, the number of non-cash transactions in the APAC region is forecasted to surpass the one trillion mark.
Between 2021 and 2025, the number of mobile wallets in APAC is projected to double. A recent study by Deloitte states that the next three years will be the "golden period" for digital trade development in the APAC region. The study also ranked the Southeast Asian market among the top three of all sales markets in APAC.
Unlimint's chief customer officer Irene Skrynova says the company is extremely pleased to partner with Alipay+ and add new payment capabilities to our unique solution.
"This is a major step on our journey of strengthening our APAC offering and powering up cross-border payments for millions of people in the region," she says.
"In the past years, we have focused on building essential strategic partnerships with alternative payment methods worldwide so that we could ensure successfully supporting our existing and new customers expansion needs around the globe."
Skrynova says that it has been on top of providing international credit and debit card processing via our direct acquiring partnerships with Visa, Mastercard, JCB, UnionPay, Diners Club and Discover.
"Alipay+ will allow us to open new doors of opportunity for merchants all over the globe and to prepare them for whatever the "payment world of tomorrow" brings their way," she says.
Ant Group head of business development in Europe Piero Candela says Alipay+ solutions help merchants innovate, connecting them to global customers through their favourite wallet or banking app, providing both payment and marketing services.
"We value our collaboration with Unlimint, an acquirer who has successfully integrated its payment platform with relevant European digital merchants, with a strong attention to the entire shopping experience," he says.
"Alipay+ will help Unlimint further expand merchant access to multiple leading payment methods, by a single and simple integration through a unified payment and marketing solution."