Payments and Offers Go Global
Walgreens has announced that all of its US locations will now accept Alipay’s mobile payment platform. Alipay is already available at US cities such as New York, San Francisco and Las Vegas and by April, Alipay will be available at more than 7,000 Walgreens locations across the country. Walgreens is the largest U.S. drugstore chain to use Alipay. The Alipay collaboration will make Walgreens more attractive to the four million Chinese travelers who are in the U.S at any given time. For outbound Chinese travelers, using Alipay provides a potential economic savings as credit cards typically have higher foreign transaction fees. This announcement builds on last year’s partnership announcement between Walgreens Boots Alliance and Alibaba Group, an affiliate of Ant Financial Services Group.
CardLinx Insight
With leading US-based payment platforms including Mastercard, Visa, PayPal and Discover locked out of the Chinese market, their Chinese competitors are gaining traction in the wide open US market. Alipay, China’s leading mobile wallet platform has launched acceptance at the largest retail convenience store in the USA.