SAN MATEO, Calif.--(BUSINESS WIRE)--Alipay, one of the world’s leading digital payment platforms, has partnered with Poynt, the maker of the world’s first smart terminal, to enable Alipay’s more than 520 million registered users in China and beyond to pay with Alipay across all Poynt devices in North America. Through the agreement, Alipay users visiting North America will enjoy a seamless, familiar checkout experience using the payment method that is most comfortable for them. Alipay is China's leading online payment provider and the primary means of online and mobile payments for Chinese consumers.
“Given all the capabilities built into Poynt’s hardware and software, and its agnostic approach to acquirers, we will be able to deliver a truly integrated payment solution for retailers, as well as the simple payment experience our users are accustomed to,” said Mr. Souheil Badran, President, Alipay North America. “We partnered with Poynt because we both share a commitment to enabling a modern commerce experience for merchants and customers alike.”
Poynt was started in 2013 by Google Wallet founder and former PayPal executive Osama Bedier to revolutionize the payment experience for merchants and their customers. The Poynt Smart Terminal features innovations like dual touchscreens, wireless connectivity via 3G, WiFi or ethernet, seamless connection to a merchant’s existing payment processor, and thanks to multiple payment options, lets consumers pay the way they like. Their newest terminal, the Poynt 5, features all of the Poynt Smart Terminal’s most popular features on an innovative, single screen handheld mobile POS available to enterprise merchants.
“We are thrilled to partner with Alipay. Acquirers and merchants choose Poynt terminals to deliver on consumers' increasing tech-rich expectations; this partnership furthers our mission to empower merchants with technology superpowers and consumers with the best shopping experience,” said Mr. Osama Bedier, CEO of Poynt.
Poynt enables Alipay QR Code payments as part of its existing payment capabilities that include Mag Stripe, EMV, NFC and Gift Cards. As the first smart terminal to offer Alipay acceptance in the world across acquirers, merchants utilizing Poynt terminals will be able to accept Alipay without the need for any additional integration or hardware.
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 users and over 200 domestic financial institution partners. 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 10 million brick-and-mortar merchants now accept Alipay across China. Alipay’s in-store payment service covers more than 30 countries 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.
Poynt’s mission is to fix a broken commerce infrastructure by bringing developers, distributors and merchants together on an open platform. Founded in 2013 by Google and PayPal veteran Osama Bedier, Poynt is headquartered in Palo Alto, California and is backed by Matrix Partners, Oak HC/FT Partners, Stanford-StartX Fund, Webb Investment Network, NYCA Partners, Google Ventures, and other individual investors. Find out more at poynt.com.