SINGAPORE—Payments company Thunes is now working with Alipay+ to bring together merchants from Europe with customers in Asia, according to a new report.
The new partnership means customers based in Europe who use Thunes will be able to take payments from a series of popular online wallets in Asia, such as Alipay and GCash, FXcompared stated.
“This partnership will allow merchants to engage with shoppers through their favorite digital payment tools, both online and in-store, and help speed up the digitalization and globalization of their business operation,” said a senior spokesperson for Ant Group, which owns Alipay+.
“Thunes' partnership with Alipay+ creates a truly global shopping experience for buyers and represents another major step in our mission to make payments borderless and inclusive,” said Christophe Bourbier, the managing director at Thunes Collections.
India Lifts Restrictions
Separately, India has lifted business restrictions on American Express, once again allowing the card giant to onboard new customers in the South Asian market. The country announced the move after it said Amex had demonstrated “satisfactory compliance” with local data storage rules, Tech Crunch reported.
In a series of moves last year, the Reserve Bank of India indefinitely barred Mastercard, American Express and Diners Club from issuing new debit, credit or prepaid cards to customers over noncompliance with local data storage rules.
Unveiled in 2018, the local data-storage rules require payments firms to store all Indian transaction data within servers in the country.
Visa, Mastercard and several other firms, as well as the U.S. government, previously requested New Delhi to reconsider its rules, which they argued were designed to allow the regulator “unfettered supervisory access,” Tech Crunch reported.
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