Alipay Spends $79M to Accept Cash In China

What's Next In Payments®
6:18 PM EST March 20th, 2012

Alibaba Group subsidiary Alipay will spend $79.4 million over the next three years to upgrade its ability to receive cash on delivery for couriers in China.

“During Q1 2012, Alipay will provide thousands of point-of-sale (POS) terminals to more than 60 regional courier companies nationwide,” The Paypers says, with 60,000 POS terminals being installed by 2015 according to the plan.

A report from India Infoline News Service claims more than 70 percent of B2C e-commerce transactions in China are paid at the time of delivery, and estimates that less than 20 percent of Chinese B2C retailers are capable of processing plastic payment.

Read more at The Paypers and at India Infoline.

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