Malaysia sees increased cross-border transactions via Alipay+ and PayNet

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5th most popular destination for Chinese, 6th amongst other Asian tourists Enabled 13 international e-wallets & bank apps for seamless travel experience Data from Alipay+ and PayNet shows a robust rebound of consumer spending during the first back-to-normal Chinese New Year (CNY) travel season after the Covid-19 pandemic, especially in...

By Digital News Asia February 28, 2024Enabled 13 international e-wallets & bank apps for seamless travel experience

The addition of new e-wallets provides added convenience to tourists while bringing more growth opportunities to Malaysian merchants where Alipay+ has also partnered with top merchants across multiple tourism-focused industries in retail, F&B and everyday conveniences. Additionally, in Nov 2023, Alipay+ and PayNet enabled travellers with 8 Alipay+ supported e-wallets to make QR payments seamlessly at DuitNow QR merchants’ touchpoints across Malaysia. The impact has been clear. In the four-month period since launch, compared to Dec 2023, in Feb 2024, the number of average daily transactions via Alipay+ on DuitNow QR has increased by 2.5 times, while spending via Alipay+ partner users at DuitNow QR merchants has also increased 2.5 times.

With the government working to boost tourism, particularly in preparation for Visit Malaysia 2026, PayNet’s focus remains on enhancing travellers’ cashless experiences.

Source: Holiday News (holidaynews.net)

 

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