Online payment platform Omise announced its support for Alipay, China’s largest payment processor. This is another step closer towards creating a borderless online payments market for Asia as well as bridging the gap between Chinese consumers and businesses in Thailand that Omise currently supports.
With 9.8 million Chinese citizens expected to visit Thailand in 2017 (Tourism Authority Thailand) and accounting for up to 30% of the THB 2.6 trillion spent by foreign tourists, the potential for online merchants in Thailand to capture some of this revenue is huge. To enable e-commerce merchants in Thailand to take advantage of this, Omise announces the support of Alipay payment method into its payment suite launched today. This new payment method from Omise enables Thailand merchants to accept online payments from Chinese citizens visiting the Kingdom.
“Increasingly, we see a demand from our customers to offer more alternative payment options for their online users at checkout.” said Jun Hasegawa, CEO & Founder of Omise. “With Alipay payment acceptance, Omise merchants in Thailand can now increase the opportunity to take more sales from visiting Chinese citizens maximising sales revenue from this growing market.”
Founded in 2004, Alipay is the largest online and mobile payments processor in the world’s largest market for internet services, China. It currently has over 450 million registered accounts, with reports showing that it accounts for as much as 69.9% of the mobile payments in China in 2015.
Omise (which means “store” in Japanese) is an online payments platform that allows businesses to securely accept payments over the internet. The service aims to ease the complexity of accepting online payments by providing online operations with a full-featured payment gateway, robust security & fraud protection models complete with cash management services —all the complex infrastructure required to streamline online commerce. Omise currently operates in Thailand and Japan, and service will soon be available in Singapore, Indonesia and Malaysia.