NAB to equip tens of thousands of Australian businesses to accept Alipay

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NAB to equip tens of thousands of Australian businesses to accept Alipay

It will soon be possible to get an Alipay-capable point-of-sale terminal from one of the major Australian banks.

Tens of thousands of Australian businesses with NAB point-of-sale terminals will gain the ability to process Alipay payments in 2019.

A small number of NAB businesses customers are already testing Alipay through NAB point-of-sale terminals. The rest of the bank’s business merchants will get the Alipay functionality in “early 2019”.

Alipay is vastly popular in China so this project makes it easier for Chinese tourists, residents and students to pay for items in Australian shops by removing the need for them to hold Australian cash. Shoppers use an Alipay phone app to scan QR codes in shops and the app allows them to pay for items with Chinese currency. The shop receives the payment in Australian dollars.

NAB claims that embedding Alipay functionality into its terminals will allow businesses to “switch-on Alipay seamlessly”.

The bank is also promoting the fact that merchants using Alipay are listed on Alipay's marketing platform. Users can see if any businesses in the local area accept Alipay, and businesses can target Alipay users by age or gender and send them special offers.

Many Australian businesses are already offering Alipay. In May this year, Alipay claimed that it had partnered with “close to” 10,000 Australian merchants.

Chemists are early adopters of Alipay - Chemist Warehouse, Terry White Chemists, Priceline and Amcal among those accepting Alipay.

Other businesses accepting Alipay in Australia include Captain Cook Cruises, Unlilodge, Skybus, Primus Hotel and Cabcharge.

Many of those businesses use RoyalPay's solution, which includes an API for connecting online stores and point-of-sale systems to Alipay.

Other merchant payment providers offering or planning to offer Alipay to Australian businesses include Smartpay and Quest Payment Systems.

In August this year, junior payments provider Tyro also announced plans to offer Alipay to businesses. It claimed it would become the first Australian bank to offer a “seamless, all-in-one EFTPOS solution with Alipay”.

Tyro planned to identify pilot sites by the end of 2018 and to offer Alipay to more than 20,000 business customers in the second quarter of 2019.

Duty-free retailer Heinemann Australia became Tyro’s first business customer to use Alipay when it introduced Alipay in its Gold Coast International Airport shops in late October.

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