Smartpay shares jump 35% on deal to offer Alipay via eftpos terminals in NZ, Australia

Tue, 13 Mar 2018

By Sophie Boot March 13 (BusinessDesk) - Smartpay Holdings shares jumped 35 percent after signing a deal with Alibaba's Alipay, meaning its approximately 25,000 merchants in Australia and New Zealand will be able to offer the payment platform on their card terminals, with a pilot launching in New Zealand next month. The listed payment terminal supplier said it will earn a share of total transaction value from Alipay mobile wallet users. Alipay and fellow mobile payment platform WeChat, owned by Tencent, are hugely popular in China, surpas...

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