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First Data Alipay to enter the U.S. market docking 4 million businesses

via:博客园     time:2017/5/9 15:30:30     readed:2180

Tencent technology news, according to foreign reports, Chinese largest mobile payment service Alipay began to enter the American market, hoping to share in the world's largest consumer market share.

The ant's Alipay payment service and payment services company First Data Corp issued a joint statement said on Monday that the two sides have reached a cooperation agreement, the user can use the Alipay First Data service in 4 million U.S. businesses to buy goods. Cooperation between the two sides will start from the use of First Data's Clover products business.

Alipay and Tencent's WeChat payment now dominate China Mobile payment market, combined accounted for 90% of the market share. Alipay now hopes to provide services to millions of outbound Chinese consumers. Ant King had previously said that the company's mobile wallet has now been accepted by more than 100 thousand retailers in the world's 70 markets.

Relative to the China Mobile payment market, the development of the U.S. mobile payment market to be more slow. In 2016, China Mobile paid a total of more than 38 trillion yuan (about $5 trillion and 500 billion), an increase of two times over the previous year, the figure is much higher than the United States last year, $112 billion.

Alipay and First Data cooperation, just focus on the ant gold suit to expand overseas market the latest step. The United States fast remittance service MoneyGram (fast) and ant Service announced last month, the two sides have signed the final acquisition agreement was amended. According to the revised agreement, ant gold service will be $18 per share in cash to acquire all the shares of the fund. The transaction price is higher than previously determined $13.25 per share. The two companies said that the board has unanimously approved the adoption of the revised merger agreement. According to the latest transaction price, Huijin shareholders will be more than the previous agreement price of about $320 million in cash. The final purchase price of $18, compared with the purchase of gold in January 25th this year, announced the purchase price before the closing price premium of about 64%.

As the world's leading remittance MoneyGram services company, founded in 1940, headquartered in Dallas, branch offices in over more than and 30 countries, and has 350 thousand outlets in more than and 200 countries and regions. MoneyGram and banks around the world have a good partnership, its fast remittance business can make money to the world about 2 billion 400 million accounts, including WAL-MART, CVS pharmacy, British Postal Canada Post and ACE Cash Express, are the important partners. Foreign media believes that the current service is not too much gold in the Chinese market, but it has the potential to expand the international market, the parent company Alibaba group. In addition to having established partnerships in the Southeast Asian market, the company is also considering expansion in the U.S. market.

By private equity giant KKR Holdings First Data IPO in 2015. Last November, First Data has been selected to join Alipay some luxury retail stores in California and New York, Alipay began testing service.

This year, First Data shares have risen 17%. The company's earnings report released Monday, driven by its global business solutions sector turnover growth of 7%, the company's first quarter revenue reached $1 billion 730 million, exceeding market expectations.

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