Alipay seeks new ways to ease payments
Source: Bloomberg News |
June 21, 2012, Thursday
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Print Edition
Print Edition
ALIBABA Group, China's biggest e-commerce company, is mulling new ways to facilitate payments by overseas customers on its Taobao shopping site as cross-border transactions rise.
Alibaba's Alipay affiliate is "working on a couple of ways" to allow Taobao users outside China to pay for goods and services, Brian Li, a vice president at Alibaba, said yesterday in an interview at the company's headquarters in Hangzhou.
Overseas users account for about 5 percent of the more than 400 million registered accounts at Taobao, he said.
China's biggest online retail operator displays products in Mandarin only, and overseas users mostly make purchases through agents, Li said. Russia and Japan are among the biggest sources of overseas users for Taobao, he said.
"It's not convenient for foreigners to buy on Taobao using online payment services," Li said.
Alibaba's Alipay affiliate is "working on a couple of ways" to allow Taobao users outside China to pay for goods and services, Brian Li, a vice president at Alibaba, said yesterday in an interview at the company's headquarters in Hangzhou.
Overseas users account for about 5 percent of the more than 400 million registered accounts at Taobao, he said.
China's biggest online retail operator displays products in Mandarin only, and overseas users mostly make purchases through agents, Li said. Russia and Japan are among the biggest sources of overseas users for Taobao, he said.
"It's not convenient for foreigners to buy on Taobao using online payment services," Li said.
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