China's mobile wallet Alipay has finalized an agreement to enable all local taxis in Seoul to accept its payment starting next year.
Alipay can be used by Chinese tourists to pay for taxis in Seoul via strategic partner kakaopay, which acts as system integrator. In the near future, local users will also be able to pay taxi fare via kakaopay.
Last year, Ant Financial Services Group formed a strategic partnership with kakaopay. Since then, both Alipay and kakaopay have been working to integrate with all partner merchants in Korea. Earlier, Alipay enabled its payment service for taxis in the Pyeongchang and Gangneung areas, where the Winter Olympics were hosted in February.
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