Commonwealth Bank will become the first major bank to provide Alipay to customers in store.
With around 900 million users paying for goods and services globally via Alipay and its strategic partners, Commonwealth Bank today launched the payment app on its Albert touchscreen device.
Alipay will be available for in-store payments, for all its Australian customers in what will be the largest on-boarding of local businesses to Alipay's platform with 94,000 Albert devices across Australia.
Local businesses can now start accepting Alipay by downloading on their Albert device the ePay app, which an existing CBA app provider.
Through ePay, businesses can also use location-based promotional campaigns to Alipay wallet users.
CBA executive general manager for business customer solutions Clive Van Horen said the bank is constantly looking to offer payment solutions for customers.
“This is a game changer and we are thrilled to be the first major bank to provide Alipay as a payment option for customers, through our market leading and innovative apps ecosystem, Albert App Bank.
“We are constantly working on payment solutions that offer flexibility and choice for our customers, and this is another example of CBA's leadership in the delivery of technology-enabled business solutions, coming on the heels of recently launched products including Simplify, Daily IQ, Wiise, and the pilot of CommBank Health Claim.”