Let your customers pay with Alipay
Alipay is China’s leading online payment service by both the number of users and total transaction volume. It has more than 1.3 billion annual active users and processes $17 trillion worth of transactions in mainland China over the course of a year.
More than 80 million merchants use Alipay for business over the course of a month, and the app has more than 2,000 partner financial institutions.
Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. It currently supports 27 currencies.
Payment methods is one of the key factors that affect conversion on an eCommerce website. Customers who do not find their preferred payment method at checkout are likely to abandon their carts. Therefore, offering a variety of payment methods can help to increase conversion and reduce cart abandonment rate.