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Australian company Quest Payment Systems has collaborated with Chinese-based Alipay to launch Alipay in Australian stores.
Alipay allows Chinese nationals, tourists and students to pay for purchases in-store using their mobile phones, and in their own currency. Quest has designed the software to fully integrate with existing Point of Sale (POS) systems, providing a seamless experience for retailers and customers.
Recent growth for mobile payments in China has been substantial, with Business Insider projecting that China will process $6.3 trillion in total mobile payments by 2020. Tourism Australia has reported that Chinese visitors spent a record $8.9 Billion over the past year to March 2016. On average, Chinese tourists spend approximately $8,000 during each visit to Australia, providing significant opportunity for Australian Retailers.
Quest has already enabled Alipay at select stores within The Chemist Warehouse and My Chemist pharmacy groups, with full rollout planned for early 2017.
Quest developed the software that enables the terminal to convert the currency and process Alipay transactions. Chemist Warehouse will now be able to benefit from their participation in Alipay’s 12.12 event, a global promotion offering in-store incentives to Alipay users for shopping in specific stores.