Commbank adds Alipay at 94,000 terminals

27 de diciembre, 2018

Tiempo estimado de lectura: 2 minutos

Commonwealth Bank of Australia one of the “Big Four” Australian banks, is enabling acceptance of major Chinese mobile wallet Alipay across all 94,000 of its Albert POS terminals

 Alipay makes CommBank the first major Australian bank to enable its merchants to accept Alipay in-store. Australia’s highest inbound tourism market comes from China, with 1.4 million Chinese tourists — who accounted for $10.9 million in spending — in the last year. And 166,000 Chinese students are attending school in Australia, making up 43% of the country’s international student population — which could give it the potential for consistent volume beyond waves of tourism.

For CommBank, adding Alipay can allow it to onboard more merchants to adopt the Albert system if they want to accommodate this broad population of Chinese tourists. And for Alipay, having nationwide access through Australia’s largest bank — which counts over 16 million customers, or 66% of the Australian population — can significantly increase its transaction volume. Further, it gives both firms the opportunity to capitalize on consumer demand: 78% of Chinese tourists want the option to pay with Alipay while traveling.


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