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15 August 2018
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Spanish retailer El Corte launches Alipay

06 March 18 - RE+D Magazine
Spanish retailer El Corte launches Alipay

COMPANIES

ETAD.A.E.

Public entity - GREECE

NBG PANGAEA

REIΤ - GREECE

IBI Group

Consultant - GREECE

Zeus

Fund - GREECE

PEOPLE

Antulio Richetta

Director IBI Group

Aristotelis Karytinos

CEO of NBG Pangaea REIC NBG Pangaea REIC
Spanish retailer El Corte Inglés has announced that it is introducing the Alipay payment system to all of its department stores across Europe.

 

The retail group says that the introduction of the system, which is owned by Chinese e-commerce giant Alibaba, will offer 'a more personalised payment service to customers of Chinese origin'.

It says that its partnership with Alipay will help it appeal more to Chinese visitors -  a market that has 'great future tourism potential'.

Alipay is currently used by more than 520 million people, making it one of the largest payment platforms in the world. Alipay allows customers to complete transactions through its mobile app, without the need for cash or cards.

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