To add to that.... Alipay are used in China - along side China Union Pay , and Splitit has effectively started to partner with Alipay.
Here is some more info:
"Alipay payments in ChinaWhat is it? Alipay is a third-party online and mobile payment platform from Alibaba Group. In 2013, Alipay overtook PayPal to become the world’s largest mobile payment platform (meaning it processed the greatest volume of payments). Alipay’s incredible market share of online and mobile payments comes down to its founding company’s (Alibaba) widely-used e-commerce platforms, Taobao and Tmall. While Alipay still has the majority share of China’s mobile payment market (around 53% in 2017), WeChat Pay is catching up and gaining year on year.How does it work for individuals? Alipay is a standalone app available on smartphones and desktops. It is connected to over 50 financial institutions, meaning users can connect Mastercard or Visa cards to perform certain transactions. For the full use of all functions, users need to connect a Chinese credit or debit card. Once registered with an account, users can pay online, in stores, transfer money, pay bills, order a taxi, and so much more.How does it work for companies? Businesses can register with Alipay and set up cross-border online payments or in-store payments. Customers can make purchases on a website through their Alipay account in Chinese RMB and the payment will be settled in the merchant’s account in a chosen currency. Not only is linking foreign websites to Alipay necessary to enter the Chinese e-commerce market, if merchants have a physical store outside of China with access to Alipay payments, they may also attract sales from many more Chinese tourists."
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Ann: Splitit and EFTPay Partnership, page-61
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