M4Bank.AP is a full-featured, technology-based AliPay payment processing solution created by Center of Corporate Technologies based on M4Bank.MPOS solution.
The system allows the Customer to make an in-house connection to the payment system AliPay in a short time and to organize technological interaction for processing transactions.
- AliPay online payment gateway
- AliPay offline payment gateway for receiving files with calculations and processing transactions with points of sales.
According to the Better Than Cash Alliance, the payment system has broken all records: users sent $1.7 trillion in total payments through Alipay service.
The Chinese service has far outpaced PayPal’s (197 million users) payment volume, which in the same year amounted to 354 billion U.S. dollars (about 16 million transfers per day).
Alipay has over 450,000,000 users in China. Primarily, the citizens who are traveling are the active users.
More than 1.3 million Chinese tourists visited Russia in 2016.
40% growth in comparison with year 2015.
Often, Chinese tourists do not have bank cards, but have Alipay wallets.
ALIPAY PAYMENT INFRASTRUCTURE
- merchant’s smartphone
- cash register with barcode scanner
- New payment instrument that has proved to be very effective in Asia
- Development of tourism and mobile commerce (More than 21 billion USD turnover in Europe)
- Stable exponential growth every year since 2004
- More and more buyers are purchasing using mobile methods
- In the future Alipay system will expand the client base
- High average purchase value
- Expansion of market opportunities for points of sales
- Business integration, more than just payments
- Increasing payment conversion