Chinese Alipay Launched as a Global Payments Option Located in the Asia-Pacific market the world's future Internet super-power China's largest e-commerce company, the Alibaba Group, which also owns Alibaba.com, Taobao, Yahoo! China and Alisoft launched Alipay as a global payments option for Chinese customers including 12 major currencies.

From PRNewswire:

'As of August 20, 2007, Alipay had more than 47 million users in China, growing at a rate of more than 80,000 new registered users each day. Alipay's average daily transaction volume exceeds RMB 150 million, handling an average 780,000 transactions each day.'

'Alipay is the largest online payment service provider in China with a market share of over 50%. '

'Alipay expects to expand its overseas partner list to over 100 retail websites by the end of the year, to cover product providers ranging from cosmetics, fashion, bags and jewelry to household and digital products. The company also predicts the international service will reach monthly transaction volumes of RMB 800 million by the end of 2007.'

'Alipay's first international partner retailers include Sa Sa International Holdings Limited, a leading Asian cosmetics retailing and beauty services group; StrawberryNET, the world's leading provider of discounted designer skin care, make-up, cosmetics, perfume and men's and women's fragrances; and J Shoppers, a subsidiary of Japan's largest listed mail order company Nissen On- line, focusing on mail order sales outside Japan.'

Alternative payment platforms are catching up, become more and more popular and with the progress of eCommerce they represent a big step forward in terms of user friendliness improving one's digital lifestyle and I'm excited how Chinese customers will shop across the world.

Global market leader PayPal got another formidable competitor!

• Welcome to the Payments Club, Amazon FPS Started
• Google's Integrated Checkout Strategy
• More on Checkout

Labels: alipay, AsiaPacific, bizdev, china, payments

  ¶ 'Chinese Alipay Launched as a Global Payments Option' posted by eA : 11:33 AM  0 comments links to this post

  Yesterday's Fabulous Horse Racing Event in D.

Always a pleasure to visit Düsseldorf's picturesque green racecourse a few minutes away from here. It's just amazing to watch a live race experiencing how fast they can go. The difference from average starts with the saddle. Excellent shot!

Labels: horserace, photos, sports, travel

  ¶ 'Yesterday's Fabulous Horse Racing Event in D.' posted by eA : 9:15 AM  0 comments links to this post

  Welcome to the Payments Club, Amazon FPS Started Today Amazon Flexible Payments Service (Amazon FPS) designed as a Web-service tailored to the needs of developers launched on top of Amazon's reliable and scalable payment infrastructure. It claims to be flexible, inexpensive, reliable and secure, supports micro payments, enables 69 mio. active Amazon customers to use FPS and the most important, they have experience -- Amazon processes global payments for more than a decade now.

More than a year ago when I had the idea 'Why not Using Online-Payments to Checkout?' 37% of all US-bills were payed by check. Although it's very traditional in the US to pay by check I'm still convinced that there is a huge consumer demand for new payment technologies, including cash, checks, credit cards, debit cards, stored value cards and Internet banking.

Alternative payment platforms are already catching up among the top 200 e-commerce sites, Bill Me Later commanded 28 percent market share with PayPal and Google Checkout representing 26 percent and 13 percent, as a recent poll showed.

Amazon FPS complements other Amazon Web-services like S3 and EC2, offers code snippets in C#, Java, PHP, and Ruby code and with the progress of eCommerce it is a big step forward in terms leveraging the long tail – I'm excited what kind of services will make use of FPS.

It took Google 9 and 1/2 months after initial launch in the US and 3 weeks after being certified for e-money by the UK-based FSA to launch Google Checkout across Europe of course first in the UK.

I'm wondering when Amazon FPS will come to Europe.

Labels: amazon, bizdev, payments

  ¶ 'Welcome to the Payments Club, Amazon FPS Started' posted by eA : 12:09 PM  0 comments links to this post