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Market View : Ant Group on its AliPay+ Business and Plans in Japan

Launched in 2020, Alibaba affiliate Alipay+ provides services and technology tools to global merchants and e-wallets to enable their users to make payments in overseas markets using their local e-wallets. So far, Alipay+ is accepted by global merchants both online and in-store across over 55 countries and regions using partner e-wallets such as the namesake Alipay, Touch and Go, and Kakao Pay. And the company is actively growing its business as travel restrictions ease across Asia. For one, it worked with 4 Asian e-wallets including the Philippines’ GCash and Malaysia’s Touch’n Go expand into…

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