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NAB To Embrace China’s Alipay

The National Australia Bank (NAB) is looking to attract big business from the one million-plus Chinese tourists who visit Australia each year by enabling them to pay for goods and services in this country via the Alipay service, which has more than 700 million users in China.

From early next year, Australian businesses with a NAB link will be able to accept Alipay payments.

“We’ve listened to our customers. We will be the first major bank to go live and the most critical piece to this is we received lots of feedback … there is huge demand,” NAB executive Shane Conway said.

“From next year, Aussie businesses with a NAB merchant terminal can offer Chinese tourists Alipay, their preferred QR code payment method, in store.”

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