Uber(www.uber.com) has extended its partnership with Alipay(https://global.alipay.com) , a Chinese payment app owned by Alibaba(www.alibaba.com) that boasts 450 million active users. The collaboration will allow Chinese travellers to pay their Uber fares using Alipay in any of the 68 countries where Uber does business, and allow riders to hail Uber cars directly from the Alipay app.
Alipay is one of the most innovative payment companies that really exist in the world and this partnership is very important to, said Emil Michael, Senior Vice President of Business, Uber.
Uber China’s collaboration with Alipay has grown steadily over the past few years, with plans for this global expansion first announced in January. Alipay has been an accepted method of payment for Uber rides on the Chinese mainland since 2014, and Uber began accepting Alipay in Hong Kong, Macau, and Taiwan earlier this year.
Processing Alipay payments has been a crucial component of Uber’s explosive growth in China, where the ride-sharing company went from just one percent of the market in early 2015 to roughly 33 percent by the end of that year. Many Chinese consumers do not use credit cards but instead rely on their Alipay accounts as their primary payment method. With Uber’s global expansion of its Alipay partnership, Chinese riders can continue to pay through Alipay wherever they are instead of obtaining a dual-currency credit card.
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