February 21, 2024

Alipay+ Payment Technology Set to Enter Middle East Market, Unveiling Comprehensive E-Wallet Solutions at Seamless Saudi Arabia 2023

_E-Wallet Apps

_E-Wallet Apps

Last Updated on November 9, 2023 by newseditor

Last week, Alipay+ Payment Tech announced that it would be present at Seamless Saudi Arabia 2023, which recently took place between September 4 and 5. Ant Group’s Alipay+ Payment Tech is a comprehensive set of e-wallet solutions that enables users to swiftly create apps with top-notch functionality, dependability, and stability. Seamless 2023 offers a means to introduce the Middle East market to its diverse solutions and services for the first time.

Seamless 2023: Inside Saudi’s Biggest Tech And E-commerce Event

Seamless 2023 is Saudi’s biggest event of its kind that showcases the most recent advancements in payments, fintech, retail, e-commerce, home delivery, and digital marketing. Some key components on display at the event by Alipay+ Payment Tech include digital wallet, digital lending, super app (mini-program), card acquiring, anti-fraud solutions, and the company’s talent development and professional training programs.

These solutions are the result of Alipay’s demonstrated technical expertise and operating experience in China and other regions. They have helped consumers worldwide, particularly in Southeast Asia and Africa.

Their digital wallet solution offers customers a means to launch their own e-wallet applications more quickly in targeted markets. In addition, with the help of the solution, e-wallets can offer seamless user experiences, improve brand awareness, and increase customer loyalty.

The solution also brings a full set of online and in-store payment components and marketing features, such as registration bonuses, referrals, direct discounts, vouchers, and sticker collections. Also, to help businesses that use mobile internet, the whole solution is built on cloud-native technical infrastructure. These marketing tools are paired with an industry-leading risk management and anti-money laundering system built and tested in Alipay’s use cases.

In addition, the e-wallet apps can carry out their super app strategy by creating open eco-systems around their payment services, enlisting merchants to run their digitalized businesses within the apps, and enabling individual users to access a broader range of services without having to download multiple apps through Alipay+ Payment Tech’s mini-program capabilities.

The digital lending solution from Alipay+ Payment Tech, which consists of the Loan Management System (LMS) and Credit decision engine (CRE), enables e-wallet apps to create Buy-Now-Pay-Later (BNPL) and cash loan products to meet the various credit needs of users and effectively manage their loan business and credit risks.

Recognizing the significance of anti-fraud in the payment and financial services sectors, Alipay+ Payment Tech also offers a customized solution to manage security risks that satisfy the extensive operating and marketing requirements of e-wallet apps.

In the past few years, GCash in the Philippines, Touch ‘n Go in Malaysia, DANA in Indonesia, and TrueMoney in Thailand are just a few of the clients that Alipay+ Payment Tech has worked with. In order to increase financial inclusion and stimulate economic growth in South Africa, Vodacom of South Africa successfully launched the VodaPay Super App in 2021 with the assistance of solutions from Alipay+ Payment Tech.

Conclusion

Alipay+ Payment Tech’s presence at Seamless 2023 signals its entry into the Middle East market with comprehensive e-wallet solutions. With an evident track record in Southeast Asia and Africa, they are poised to facilitate e-wallet innovation and growth in the Middle East.

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