Network for Electronic Transfers (NETS) and Ant Group have, on Nov 8, jointly announced plans for NETS to integrate Alipay+ into its platform.
In a press release pursuant to the announcement made at the Singapore FinTech Festival 2021, the companies state that the collaboration will help to further enhance the digital payments capabilities of NETS’ local merchants.
Through the deployment of Alipay+ solutions, merchants will be able to accept payments in Singapore currency from e-wallet users across Asia who will pay in their home wallet currency.
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Introduced by Ant Group since 2020, the Alipay+ solutions are designed to make it easy for businesses, especially small and medium-sized businesses to accept different payment methods and conduct cost-effective digital marketing campaigns. It also makes it more convenient for e-wallet users to make payments easily away from their home country.
“Having the most extensive network of acceptance points in Singapore for static and dynamic QR payments makes us an ideal partner for inbound wallet providers. We are delighted to collaborate with Ant Group to offer Alipay+ and increase the business opportunities for our local merchants with access to an expanded pool of consumers,” said NETS Group CEO Lawrence Chan.
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“With NETS’ integration with Alipay+ solutions, we look forward to supporting local businesses by connecting them with more customers from the region,” says Cheng Guoming, general manager of Alipay+ global payment partnership, Ant Group.
Efforts are underway to integrate the Alipay+ solutions into NETS’ merchant portal with the aim to be operationally ready by early 2022.
