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Jo-Jo, Alipay deal
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CHINA Jo-Jo Drugstores, a leading China-based retail and wholesale distributor of pharmaceutical and health care products, announced it has recently signed a service agreement with Alipay Internet Technology Ltd to launch an online payment service for its customers. With over 300 million registered users and over 200 partnering financial institutions, Alipay is China’s dominant third-party online payment provider. It processes about 50 percent of China’s e-commerce transactions, including mobile payments.
Through services such as Alipay and Alipay Wallet, Chinese consumers can now make e-payments for China Jo-Jo’s products. China Jo-Jo will be able to better engage mobile consumers through such features in the Alipay Service Window as push notifications for deals and sales promotions, app download and customer service. In addition, Alipay’s enterprise software offers the company better management tools, including transaction management, big data collection, marketing and financial control.
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