Third party payment business appetite bigger, overseas

The domestic net buys the market already cannot satisfy the third party to pay the enterprise's appetite.

Recently, Alipay announced that the rapid payment of merchant support to the outside world. Domestic consumers can be paid directly through the bank card to pay the renminbi can be online for overseas shopping. It is understood that the current business is mainly for Asia-Pacific businesses. The scope of application is in the field of physical and aerospace Cross-border online transactions.

Fast payment is Alipay, a new payment scheme launched at the end of 2010, with more than 40 million users.

Yesterday, Alipay insiders told the first financial daily reporter, in fact, Alipay services paid across the border since 2008 has started.

As in the past three years, Alipay is still the Bank of China (601988, shares). In support of the merchant's website, click the purchase link after the order directly in renminbi payment completed, Alipay backstage will automatically produce purchase orders, foreign merchants will be able to receive the account immediately. Alipay people say they have strict archival records for each user's record.

The information shows that Alipay's Cross-border payment business now covers more than 600 overseas businesses covering 34 of the world. Alipay is currently working to promote the fast payment function support work, there are already salsa, strawberry nets and other Hong Kong shopping sites, as well as most of Japan and South Korea clothing brand website to join. Prior to this, Alibaba's Taobao, a Amoy and so has been connected to overseas resources.

This meaning is not even for the C-end of the online shopping market. Alibaba's business-to-business business has long been due to the lack of global payment tools, limited to the online release of information, transactions still Lai-line under the "Yellow Pages model", it is difficult to achieve full online transactions. The "Global fast-selling" of its products has worked with PayPal, the world's online payment giant, but last year was interrupted by a dispute over tariffs. Now it is clear that there is a longer-term long-term interest in propping up Alipay into the outside.

What they want is more than just paying the customer to be outside. Genming, vice president of Alipay, said at the end of last year that Alipay would start with our Hong Kong and Taiwan regions as well as Southeast Asia. The surrounding areas of Chinese customers more, borrow fast payment can be directly on Taobao consumption.

Beyond Alipay, fast money is also struggling to tap the global market for gold. Since last November, the rapid payment of official services to help China's foreign trade enterprises to receive orders abroad and settlement. They chose International express, Visa, etc. as partners abroad, and through cooperation with domestic banks, the amount paid by foreign consumers to the renminbi into the Chinese foreign Trade enterprise account. Prior to this, the receipt of settlement has been China's foreign trade business enterprise biggest problem, even long-term difficult to surface operation.

In addition, Alipay, the fast money nuggets outside there is another layer of consideration: to strive for higher profits. Domestic payment industry is fiercely competitive, service rates are mostly only 34 per thousand, while the international giants such as PayPal have enjoyed a 5% high rate abroad (the benchmark is 3%, less than 10 U.S. dollars is 5%). Toward the outside, it is clear that money is better earned. Two companies did not disclose the level of cross-border payments, but said it was significantly better than domestic market standards, despite the absence of PayPal.