Alibaba makes Japanese payments push ahead of Olympics
scmp, Wednesday, May 15, 2019
With Tokyo hosting the Summer Olympics in 2020, Alibaba’s payments arm Alipay is ensuring retailers in Japan are suitably equipped to deal with an influx of Chinese visitors by expanding the number of merchants now able to handle its payment systems.
Alipay is now available at over 300,000 Japanese locations, up from 50,000 in early 2018. The company has waived access fees to encourage take-up, which has seen use of the system surge by 25% in the year to May.