Alipay and Motion Pay Technology Inc. Reach Significant Milestone in Connecting Chinese Consumers with Merchants Across Canada

Partnership Powers Acceptance of Alipay in Retail, Restaurants, Hospitality and Luxury Sectors in All Major Cities Across Canada

March 5, 2018 – Alipay, the world’s leading digital payment platform operated by Ant Financial Services Group, today announced that its partnership with Motion Pay Technology Inc. (Motion Pay) has resulted in a significant number of merchants across Canada enabling Alipay at point-of-sale. Motion Pay is a Canadian-based fintech company that empowers Canadian merchants to accept Chinese payments.

Through the partnership, Alipay is now accepted in all major cities in Canada including Toronto, Vancouver, Montreal, Ottawa, Banff, among others, and across several categories including retail, restaurants, hospitality, and luxury.

“We are thrilled with the success of our partnership with Motion Pay to date, which has played an instrumental role in our growth across Canada this past year,” said Souheil Badran, President of Alipay, Americas. “As our first Canadian partner, Motion Pay has helped us to reach critical mass in acceptance points across Canada. We look forward to continuing our relationship and enabling even more Canadian brands and retailers to connect with the growing number of Chinese consumers seeking items they can’t find at home, and simplifying payments by offering Alipay’s familiar method.”

Alipay is China’s leading online payment provider and the primary means of online and mobile payment for Chinese consumers. Through the partnership, Alipay’s more than 520 million active users in China will be able to use their Alipay Mobile Wallet at point-of- sale with Motion Pay merchants, both in-store and online.

“Chinese consumers are a rapidly-increasing segment for Canadian merchants,” said Eric Paquet, president of Motion Pay Technology Inc. “We continue to drive Alipay’s Canadian market adoption in every major Canadian city from Halifax to Vancouver. Many Canadian merchants can already attest to Alipay helping their business expand Chinese commercial, tourism and trade opportunities.”

Marco Pasteris, VP of Business Development of the Birks Group Inc., compliments the Alipay-Motion Pay payment solution, “Thanks to Motion Pay, we are one of the first merchants to accept Alipay in Canada. Our payment solution from Alipay and Motion Pay offers data security, stability and efficiency on transactions.”

Nathan Xu, co-founder of Baby enRoute, sees great growth potential providing this payment service. “We received so many benefits from accepting Alipay in our store. It helps us to provide a fast checkout service to our customers and allows us to maintain our existing payment process. Through Alipay’s ‘Discover’ function we can offer marketing promotions that attract more Chinese customers who come to our store willing to spend because of the simplicity and familiarity of Alipay.”

About Alipay

Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently has over 520 million active Chinese users and over 200 financial institution partners in China. Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Over 40 million brick-and- mortar merchants now accept Alipay across China. Alipay’s in-store payment service covers more than 38 countries and regions across the world, and tax reimbursement via Alipay is supported in 24 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies. Follow us on Twitter @antfinancial and @alipay.

About Motion Pay Technology Inc.

Motion Pay is the company that brought Alipay to Canada. Motion Pay is a Canadian Fintech that connects Canadian businesses to Chinese consumers. From modest corner stores to renowned luxury brands, Motion Pay empowers a wide variety of businesses to access the
massive Chinese consumer market with a full suite of the most convenient and secured on-line and in-store mobile payment products. For more information please visit www.motionpay.ca or call at (613) 319-6686.

Photo (from left to right): Motion Pay’s Eric Paquet (President & COO), Riven Zhang (Co-Founder & CEO), and Shen Shen (Co-Founder & CTO)

 

MEDIA RELATIONS:
Eric Paquet, President and Chief Operating Officer

Motion Pay Technology Inc.

514-771-4000 

Eric.Paquet@MotionPay.ca

 

Mobile payments today:

https://www.mobilepaymentstoday.com/news/motion-pay-brings-alipay-acceptance-to-canadian-merchants/

Payment week:

https://paymentweek.com/2018-3-7-alipay-teams-motion-pay-technology-advance-canadian-front/

Ottawa Business Journal:

http://www.obj.ca/index.php/article/ottawas-motion-pay-brings-chinese-payment-giants-canada

PYMNTS:

https://www.pymnts.com/news/partnerships-acquisitions/2018/alipay-motion-pay-partnership-canada-retail-payments/

Finextra:

https://www.finextra.com/pressarticle/72874/alipay-makes-canadian-inroads-through-motion-pay-partnership

 

 

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