Shopify merchants will now be able to receive payments through Alipay opening their stores to “more than a billion people in China”.
According to research published in January, 90 per cent of Chinese city dwellers use Alipay as their main payment method, but just a fraction of retailers outside of the country support it.
Shopify, which now provides the ecommerce platform for over 800,000 brands, will allow its merchants in the US to accept Alipay payments before launching in Hong Kong, India, South Korea, Indonesia, the Philippines, Malaysia, Thailand, Pakistan, and Bangladesh in the near future.
“At Shopify, we believe in a world of borderless commerce and are focused on helping our merchants build thriving businesses — not just within their own markets, but on a truly international scale,” Shopify’s vice president of merchant services Kaz Nejatian said.
“Reaching consumers across Asia is an enormous growth opportunity for our merchants, and Alipay has brought inclusive financial services to more than one billion people in China.
“Through today’s partnership, we’ll help our merchants provide the best possible shopping experiences for this new audience of cross-border consumers.”
It comes just a month after Shopify launched a similar tie-up with social media giant TikTok allowing its retailers to begin advertising and selling goods through the platform.
Users are now able to click through to retailers’ Shopify pages while scrolling on TikTok to complete a purchase, enabling Shopify’s merchants to keep hold of transaction and buyer data.
Shopify has seen its sales skyrocket during lockdown, rising nearly 100 per cent during its second quarter to overtake Ebay for the first time.