Wal-Mart to accept Alipay at its southern China stores
Wal-Mart Stores has partnered with Chinese e-commerce giant Alibaba Group.
American retailer Wal-Mart Stores has partnered with Chinese e-commerce giant Alibaba Group to allow customers to make purchases using latter’s Alipay mobile payment system across its 25 stores in southern China.
With Alipay, Walmart customers will get cash back of up to RMB15 ($2.42) on their purchases for the next month.
The stores will be equipped with scanners to read barcodes in the app, enabling payment in seconds.
Walmart expects it’s over 400 stores in China to start accepting mobile payment via Alipay soon.
Walmart and Alibaba have also launched a new shopping feature called Tango Shop in partnership with Tango, a mobile messaging service that allows users to browse and make purchases.
Alipay Wallet now has over 270 million active users with around 40,000 retail stores in China accepting payment through the app.