New Partnership to Provide AliPay to the Spanish Merchants

MADRID – February 2020 – Announcing a proud partnership agreement with the leading payment provider in Europe PAYONE/Ingenico to provide AliPay services, leader in online and mobile payments with more than 1 Billion users.

AliPay is considered the first option of payment for any Asian Tourists. 70% of Chinese and Asian customers abroad prefer to pay with AliPay app on their mobile phones. Additionally, it is possible for customers to locate stores that accept AliPay in order for them to use their loyalty points & rewards within the AliPay ecosystem.

PAYONE, with more than 1,200 employees, is the leading payment and acquiring service provider in Europe. 52% of the company belongs to Ingenico Group and the DSV Group (Deutscher Sparkassenverlag); handling more than 2.5 billion transactions a year for its approximately 365,000 customers in the DACH region.

In 2020, Spain is expected to receive over 1 Million of Chinese tourists, spending in average €3,000 and staying around 4 days becoming the tourists with the highest spending rates, representing a profitable opportunity for merchants to attract the Chinese Purchasing Power to their stores.

One of the main objectives of this alliance signed by Demtech and Payone/Ingenico is to open the Spanish payment ecosystem allowing Spanish merchants to bring a better experience to the Asian and Chinese Tourism Industry.

Demtech, through its extensive experience in the Fintech and payments world, has positioned itself as one of the main providers of consultancy in payments for Spain and Portugal, facilitating the expansion and presence of these services in leading markets outside of Europe.

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