Alipay transactions of Chinese tourists in Malaysia grows five times

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KUALA LUMPUR (Sept 5): Alipay transactions by Chinese tourists in Malaysia grew five times between July 1-Aug 31 this year - China’s summer holidays - compared with the same period of 2017.

Alipay is a mobile and online payment platform offered by the China-based Ant Financial Services Group.

In a statement today, Alipay said this made Malaysia the ninth largest market worldwide for Chinese tourists’ spending overseas using its payment platform during the summer holidays, and ahead of the United States.

“Apart from Cambodia, the growth also made Malaysia, the only other Asian country to make the top-10 transaction growth list,” it added.

Cross-border Business for South and Southeast Asia General Manager Cherry Huang said Malaysia is a hotspot for Chinese tourists. - Bernama