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Sunday, Oct 17, 2021

Shopify and Alipay Enable Hong Kong Merchants To Tap Over 1.2 Billion Shoppers Across Asia

Shopify and Alipay Enable Hong Kong Merchants To Tap Over 1.2 Billion Shoppers Across Asia

Alipay today announced that it has expanded partnership with Shopify to the multinational e-commerce platform’s Hong Kong merchants, who can now enjoy inclusive payment gateway services tapping into altogether more than 1.2 billion users of popular e-wallets across Asia, before bringing users a seamless shopping experience to the fast-growing market.
With only one integration, local Hong Kong SMEs of Shopify are now able to connect to a huge number of users of four leading Asian digital wallets, namely Alipay (Chinese mainland), AlipayHK (Hong Kong), GCash (the Philippines), and Touch ‘n Go (Malaysia), without paying any setup fee.

Shopify supports over 1.79 million merchants in more than 175 countries, and is the retail operating system allowing independent businesses of any size to start, manage, and grow their businesses. It has seen continued growth in Hong Kong with GMV for Hong Kong growing 75% in 2020 vs 2019, while new store creations on Shopify in Hong Kong increased by 223% over the same period.

“With Alipay, Hong Kong businesses will now be able to expand into new markets and reach even more customers across Asia by enabling them to pay using their preferred method, giving merchants and consumers alike greater choice and control over their shopping experience,” said Frankie Ng, Hong Kong Market Lead at Shopify.

“We have always been sticking to our mission of ‘making it easy to do business anywhere’”, said Yulei Wang, General Manager of Global Merchant Partnerships of Ant Group, Alipay’s parent company. “More than half of Shopify merchants in Hong Kong are SMEs. We witnessed many of them making it through the COVID19 pandemic by embracing digital platforms, and we will continue to provide more convenient, secured and inclusive payment, and marketing solutions to support their recovery after the pandemic.”

The collaboration between Alipay and Shopify has started since November 2020, making it easier for the e-commerce platform’s merchants in North America to accept payments made by Alipay users from Chinese mainland.
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