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.

Comments
Also by This Author
What's Hot
News
Sprint Faces CFPB Lawsuit Over “Cramming” Fees
News
Retail Associations Take Their Concerns To Capitol Hill
News
Almost Half Of Americans Have Been Sent Breach Notifications
Mobile Commerce
PayPal Exec Jumps To Facebook, But There’s More Going On Here
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Alternative Financial Services
Mozido Acquires CorFire
News
Sprint Faces CFPB Lawsuit Over “Cramming” Fees
News
Retail Associations Take Their Concerns To Capitol Hill
News
Almost Half Of Americans Have Been Sent Breach Notifications
View All Articles ››