Alipay partners with WorldRemit to tap into the Chinese diaspora

Alipay is one step closer to e-wallet world domination following a new partnership with online remittances company WorldRemit.

The partnership, agreed on the January 22, will allow consumers to use the WorldRemit app or website to send cross-border remittances to the Alipay app, creating access to China’s mobile money market and serving the 50 million-strong Chinese diaspora.

Sankar Krishnan, executive vice-president, banking and capital markets at Capgemini, says: “For Alipay, the integrated platform has just received a valuation boost as arguably the largest single payments provider in a single global market, where P2P payments are continuously the norm with the growth in real-time payment wallets.