Yuanta Reports

Pi Pay partners with China’s Alipay

Local mobile payment platform Pi Pay has joint hands with Chinese counterpart Alipay, looking to capitalize on the Chinese company’s broad network and to attract more merchants to its platform. The partnership allows visitors from China to access Pi Pay merchants through Alipay, with Pi Pay anticipating to expand services to Siem Reap and Sihanoukville—a city dominated by Chinese casinos and businesses—at the start of the new year. Pi Pay CEO Thomas Pokorny said the deal should not only be beneficial to the tourism industry, but should also further support efforts to create a cashless society and strengthen financial security, literacy and infrastructure in the Kingdom. Cherry Huang, Alipay’s general manager of cross-border business for South and Southeast Asia, said the partnership would be well-received by Chinese customers anxious for the comforts of home while travelling though the Kingdom. (Source: Phnom Penh Post)

Coporate News

21st December 2017


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