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03/06/2024 YabandPay News | Alipay Announces Major Upgrade to Enhance Cross-Border Payment Services
Alipay.com Co., Ltd. has significantly upgraded its existing services to offer a more diversified and streamlined experience for its acquiring partners and merchants. This enhancement will integrate Alipay into the Alipay+ Solution, a comprehensive platform for all digital wallets.
Effective September 30, 2024, Alipay Services will be phased out as Alipay transitions into one of the digital wallets under the Alipay+ Solution. This change will enable partners to access digital wallet services through a unified platform.
Key Changes:
Introduction of Alipay+ Solution: Alipay Services will be replaced by the Alipay+ Solution, a comprehensive platform for all digital wallets. This transition brings many benefits, including a one-stop solution for multiple digital wallets. By signing a new Alipay+ Solution Services Agreement, partners can continue to receive Alipay Services and additional services for other digital wallets under the Alipay+ Solution. This will open new business opportunities for merchants from various countries and regions.
Technical Integration Upgrade: Partners must complete a technical integration upgrade to connect to the Alipay+ Solution. The technical setup will no longer be valid after September 30, 2024, and no new transactions can be processed under the old system after this date.
To ensure business continuity, merchants needing to integrate Alipay+ solutions and those already using Alipay services can contact YabandPay. YabandPay will assist with the necessary payment and technical upgrades.
YabandPay appreciates our merchants’ ongoing support and cooperation and is committed to providing innovative cross-border payment solutions.
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