Alipay, CCPay tie up to promote cashless payment service in Singapore
China's leading payment platform Alipay on Tuesday signed a partnership agreement with a Singapore-based digital payment provider CCPay to offer cashless payment services to retailers in Singapore.
According to the agreement, CCPay, founded on March 2017 as one of the earliest companies to create QR payment in Singapore, will help Alipay expand the use of the cashless payment platforms in Singapore so as to give convenience to Chinese tourists here.
The cashless payments will be firstly introduced in merchants around the Chinatown area, said Jed Huang, Founder and Director of CC Financial Services, the owner of CCpay, at a press conference here on Tuesday, adding that there are plans for further expanding the services to other shopping malls in Singapore later.
According to Singapore Tourism Board, 1.3 million tourists from China visited Singapore from January to May 2017, many of whom have been used to shopping by swiping their phones over the Quick Response (QR) code provided by the retailers instead of paying in cash.
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