alipay

This collaboration allows users of 14 international payment apps to transact at over 400,000 merchants across Sri Lanka.

Factors such as visa-free policies and eased travel restrictions contributed to the surge in transactions.

By Tuesday, over 20,000 users accessed the tool, highlighting Alipay’s evolution into a multifunctional app.

Alipay+ now partners with 35 international payment partners, connecting to over 90 million merchants worldwide.

Cross-border transactions through Alipay+ have tripled in 2024, although specific transaction values remain undisclosed.

One has taken a download-first approach while the other is focusing on local partnerships.

The collaboration supports payments for over 3 million merchants across Japan.

This collaboration allows users from over 10 international payment apps to make transactions with over a million merchants.

The funding flow may have slowed in recent years, but Alibaba and Tencent are still pumping cash into the region.

If South Korea’s KakaoBank is the benchmark, Singapore’s digital banks still have some ways to go.