Alipay enters partnership with leading Russian bank

Mutual agreement: Alipay and Wirecard agreed to a deal to provide mobile phone payment services for Chinese tourists visiting Europe.

HANGZHOU: Alipay, the world’s largest online and mobile payment platform and lifestyle super app operated by Ant Financial Services Group, today announced its partnership with VTB Group, one of Russia’s leading banking groups.

VTB Group has recently started merchant acquiring for Alipay payments service in its over-120,000-POS-device network, which now makes VTB Group the biggest partner of Alipay in Russia. It is expected that more than one million Chinese travelers will benefit from the new partnership every year.