Alipay retains its allure

Alipay’s transaction volume in Thailand ranked No.2 globally, behind Hong Kong, and was tops in Southeast Asia, tallying 1.4¬ times last year’s volume, while the average spending per user of 1,584 yuan (7,501 baht) was 0.95 times last year’s figure.¬
During China’s Golden Week holiday (Oct 1-7), Alipay, the world’s largest mobile payment and lifestyle platform, operated by Ant Financial Services Group, processed¬ 2.2 times as many overseas in-store transactions compared with last year.¬
Asia continued to dominate the top 10 list of destinations in terms of transaction volume. Hong Kong topped the list again, with Thailand retaining its second ranking.¬ Japan rose to third this year.¬
Less-visited destinations in Europe saw some of the fastest growth in Alipay use thanks to the mass rollout to merchants across the region over the last 12 months. Switzerland¬ saw 27 times the volume of transactions from 2017.¬
Average total spending per user increased 30% to US$288 from last year’s $223. Average total spending per user was highest in Denmark at copy,276, followed by France¬ and Italy. Destinations in Europe, the Middle East and Africa accounted for most of the countries in the top 10 in terms of the highest total spend per user.¬
Europe averaged $528, US and Canada $275, Australia and New Zealand $265, Southeast Asia $222 and East Asia $269.¬
Iceland and the Maldives started to provide Alipay for Chinese travellers ahead of this year’s Golden Week. The service is available in over 40 countries and regions.¬
Twice as many women as men used Alipay overseas. Those born in the 1970s, 1980s and 1990s accounted for 96% of all those who used Alipay overseas. Those born in the¬ 1960s using Alipay overseas during Golden Week doubled compared with last year.¬
In Thailand, convenience stores, duty-free shops and drugstores were places with high levels of use by Chinese tourists.¬
Suvarnabhumi airport ranked third among all airports globally for transaction volume after Hong Kong airport and Changi in Singapore, with transaction volume of 1.3 times¬ last year and average spending per user of 1,091 yuan, (5,163 baht).¬
Before Golden Week, 3,000 Thai airport taxis started to accept Alipay, and hundreds of fares used the service during the holiday period. It is becoming a significant trend in¬ Thailand for Chinese visitors to pay for taxi rides by Alipay, reported the service.¬