First Data, Alipay Partner to Bring Popular Chinese Mobile Payment Option to U.S.

Partnership enables Chinese consumers to pay with Alipay while
shopping at select luxury retail locations in New York and California

Leading Chinese app will use First Data’s Clover Mini to facilitate

NEW YORK–(BUSINESS WIRE)–First Data (NYSE: FDC), a global leader in commerce-enabling technology,
today announced a new partnership with Alipay, one of the world’s
leading online payment platforms, to bring the Alipay mobile payment
solution to United States merchants. Beginning in November, Alipay will
be available to Chinese consumers shopping at select retail locations in
California and New York. Participating retailers at those locations will
use First Data’s Clover Mini point-of-sale solution to accept Alipay.

“There are more than 450 million loyal Alipay users in China and roughly
two million of those users visit the United States each year,” said
Frank Bisignano, First Data Chairman and Chief Executive Officer. “First
Data is honored to partner with Alipay to make this popular payment
option available to Chinese consumers traveling in the U.S. This is
another example of First Data leadership, helping our clients grow their
businesses while helping consumers facilitate safe and secure payments
anywhere in the world.”

First Data is the largest merchant acquirer in the United States,
serving more than four million merchant locations. The U.S. is a popular
destination for Chinese tourists and those visitors are projected to
spend $40 billion in 2017, continuing a recent trend of double-digit
spending growth, according to Ant Financial Services Group, parent of
Alipay and related company of Alibaba Group. Shopping is the number one
tourist activity, with Chinese visitors projected to spend between $500
and $3,500 USD per trip. Alipay availability in the U.S. reduces the
need for tourists to carry large amounts of cash or to use international
credit cards, which traditionally see high decline rates and involve
foreign exchange fees.

First Data’s special partnership with Alipay will enable the acceptance
of the app at several luxury and specialty retailers in the United
States. The Alipay app will identify participating merchants based on
the consumer’s mobile device geolocation feature. In-store signage will
also identify Alipay-accepting merchants. The Alipay app will display
discounts, coupons, and other promotions to the Chinese visitors before,
during, and after their visit.

“Over 450 million users use their Alipay app everyday, ranging from
shopping, movie-ticketing, paying their utilities bills, and Ant
Financial aims to bring the ‘taste of home’ to them when they are
traveling abroad,” Douglas Feagin, Senior Vice President of Ant
Financial and Head of Alipay International, said. “Partnering with First
Data will help more U.S. merchants extend reliable payment services to
Chinese tourists.”

First Data’s Clover Mini plays a key role in the transaction, making the
shopper’s experience consistent with their check-out in China.
Introduced in 2015, Clover Mini meets the demands of a rapidly changing
commerce marketplace, enabling merchants to accept most payment types,
including swipe, PIN Debit, EMV (chip + PIN; chip + signature) and NFC
transactions. Additionally, Clover Mini operates with the same power as
the original First Data Clover device, Clover Station®, in a much
smaller package, meaning business owners can access the same intuitive
tools without compromising on space.

The Clover Mini also possesses best-in-class speed, processing
EMV transactions in as little as 2.93 seconds

About First Data

First Data is a global leader in commerce-enabling technology and
solutions, serving approximately six million business locations and
4,000 financial institutions in 118 countries around the world. The
company’s 24,000 owner-associates are dedicated to helping companies,
from start-ups to the world’s largest corporations, conduct commerce
every day by securing and processing more than 2,500 transactions per
second and $1.9 trillion per year.

About Alipay

Alipay is the world’s largest third-party payment platform operated by
Ant Financial Services Group, with over 450 million active users and 200
financial institution partners. In addition to online shopping payments,
money transfer, and utility bill payments, Alipay is expanding to
offline payments. Alipay has evolved from a digital wallet to a
lifestyle enabler. Users can hail a taxi, book a hotel, buy movie
tickets and even enjoy a full-scale of wealth management services
directly from within the app.


Cindi Kurczewski, First Data
+1 404-890-2428
Ke, Alipay
+1 347-342-2007