Ant Group Sees 300% Rise in International Users Adopting Mobile Payment in China in 2024 [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
Ant Group adds new international mobile payment partners to facilitate China travel American Express and Alipay to deepen partnership SHANGHAI, September 06, 2024 BUSINESS WIRE )--Ant Group today announced the number of international visitors who have used its mobile payment services in China quadrupled over the past six months, following the launch of the International Consumer Friendly Zones program in March that has now expanded to 70 Chinese cities. Speaking at the 2024 INCLUSION·Conference on the Bund, Cyril Han, President and CFO of Ant Group, said transaction volumes of inbound tourists using Ant-supported mobile payment services grew by sixfold between March and August 2024 year-on-year. This surge has created significant business opportunities for local merchants. The number of Chinese merchants regularly servicing overseas travelers through the company's mobile payment solutions have tripled during the same period. Since 2019, Ant Group, with the support of the Peop
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