Alipay+ Payment Tech To Debut In The Middle East Market With Its Full Suite Of E-Wallet Solutions At Seamless Saudi Arabia 2023

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Alipay+ Payment Tech, today announced that it will take part in Seamless Saudi Arabia 2023 from September 4 to 5. Alipay+ Payment Tech is a full suite of e-wallet solutions provided by Ant Group to enable customers to build e-wallet apps quickly with world-class functionality, reliability and stability. This is the first time that Alipay+ Payment Tech will showcase its diversified solutions and services in the Middle East market.

Seamless is Saudi Arabia’s biggest event covering the latest innovation in payments, fintech, retail, e-commerce, home delivery and digital marketing. At the event, Alipay+ Payment Tech will present its digital wallet, digital lending, super app (mini-program), card acquiring, and anti-fraud solutions as well as its professional training and talent development program. These solutions originate from Alipay’s proven technical know-how and operating experience in China and other markets and have served customers worldwide, especially in Southeast Asia and Africa.

With Alipay+ Payment Tech’s digital wallet solution, customers can roll out their own e-wallet apps to targeted markets faster. The solution brings a full set of online and in-store payment components and marketing features including registration bonus, referrals, direct discounts, vouchers, and sticker collections, which enable e-wallets to provide seamless user experiences, improve user and merchant stickiness, and enhance their brand awareness and customer loyalty. Meanwhile, those marketing capabilities are well escorted by an industry-leading risk management and Anti-Money Laundering system developed and tested in Alipay’s use cases, and the whole solution is built on cloud-native technical infrastructure to cater to mobile internet featured businesses.

Moreover, with Alipay+ Payment Tech’s mini-program capabilities, e-wallet apps are able to execute their super app strategy by developing open eco-systems around their payment services, engaging merchants to operate their digitalized businesses within the apps and allowing individual users to enjoy a wider range of services without the needs to download multiple apps.

With Loan Management System (LMS) and Credit Risk-Decision Engine (CRE), Alipay+ Payment Tech’s digital lending solution helps e-wallet apps to develop Buy-Now-Pay-Later (BNPL) and cash loan products to serve users’ various credit needs, and help customers manage their loan business and credit risks efficiently.

Recognizing the importance of anti-fraud in the payment and financial services industry, Alipay+ Payment Tech also provides an individual solution to handle security risks that meet e-wallet apps’ comprehensive operating and marketing needs.

Alipay+ Payment Tech will also present at Seamless Saudi Arabia 2023:

  • A technical solution that allows e-wallet apps develop products for public good like Alipay Ant Forest;
  • A card acquiring solution to meet customers’ traditional payment needs;
  • Its professional training and talent development program with multi-level certifications and in partner with the 10×1000 Tech for Inclusion program.

Also Read: Top 5 Online Payment Banking Data Breaches till 2023

“As the Middle East market is growing rapidly with increasing demands for inclusive financial services such as digital payment and digital lending, Alipay+ Payment Tech is ready to provide its diversified solutions and services as well as share its rich experiences on the global payment eco-system with local partners to help them successfully build up their own e-wallet businesses,” said Li Zhixian, Senior Director of Alipay+ Payment Tech at Ant Group.

During the past several years, Alipay+ Payment Tech has served customers including GCash in the Philippines, Touch ‘n Go in Malaysia, DANA in Indonesia, and TrueMoney in Thailand. In 2021, with the help of Alipay+ Payment Tech’s solutions, South Africa’s Vodacom launched VodaPay Super App successfully to improve financial inclusion and drive economic growth in South Africa.

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

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