We’re thrilled to announce that QashierPay now enables cross-border payments, bringing unparalleled convenience to merchants and customers alike. This exciting Alipay+ integration with GrabPay opens up new ways for Singapore’s local businesses to connect with international customers seamlessly.
What is Alipay+?
Developed by Alibaba’s Ant Financial Services Group, Alipay is China’s largest third-party digital payment platform. Alipay started as an online payment solution for e-commerce transactions. Then it quickly evolved into a versatile platform that supports mobile payments, money transfers and more.
Alipay+ expands this ecosystem internationally, enabling merchants to accept cross-border payments from a variety of popular digital wallets around the world. This means, for example, that a Chinese tourist in Singapore can simply scan and pay using their Alipay app, just as they would at home.
Expand Your Reach with Alipay+ Cross-Border Payments
With Alipay+, Qashier merchants can accept payments from a wide range of international e-wallets and digital payment apps, including Alipay (China), Kakao Pay (South Korea), Touch ‘n Go (Malaysia), GCash (Philippines), DANA (Indonesia), and TrueMoney (Thailand).
Now, with Alipay+ GrabPay integration, QashierPay merchants can also accept seamless payments from Southeast Asia’s largest network of digital wallets, giving users the freedom to pay with their preferred payment apps while shopping in Singapore.
Credit Cards vs. QR Payments: A Local Perspective
In Singapore, credit cards and QR payments each offer unique benefits for consumers. Credit cards are well-suited for larger purchases and come with attractive perks like cashback and rewards, but they can also carry fees and the risk of overspending.
QR payments, on the other hand, have quickly become the go-to for everyday purchases through platforms like PayNow and GrabPay. They’re convenient and are directly linked to bank accounts for easy expense tracking.
With QashierPay, merchants can offer both options, giving customers the flexibility to pay how they like.
Credit Cards vs. QR Cross-Border Payments: A Traveller’s Experience
For travellers, the payment experience with QR codes is often more streamlined. Credit card use abroad can involve foreign currency transaction fees, unfavourable exchange rates and security concerns like card skimming.
QR digital payments sidestep these issues, enabling visitors to pay with their home-country apps and enjoy fair exchange rates. It’s a secure and hassle-free experience that more Singapore businesses can now offer, thanks to Alipay+ integration with GrabPay and QashierPay.
Cost Savings for Merchants and Consumers
From a cost perspective, often carry additional costs for both customers and merchants, such as transaction and currency conversion fees. In contrast, QR payments are usually lower in fees or even free for customers. QR payments also allow merchants to avoid high processing fees, reduce settlement times and limit the risk of chargebacks.
Embracing QR digital payments means more money in your pocket, which can translate to better pricing and services for your customers.
Security and Risk Reduction with QR Payments
One of the biggest challenges with credit card payments is the risk of chargebacks and fraud, with disputes potentially leading to revenue losses.
QR payments, however, use encryption, tokenisation and multi-factor authentication, providing a secure transaction environment that minimises the chance of fraud. Real-time verification adds an extra layer of protection, giving both consumers and merchants peace of mind.
Why QR Cross-Border Payments Give Your Business a Competitive Edge
Offering QR cross-border payment options via QashierPay gives your business a competitive edge. Not only does it attract customers who prefer digital wallets, but it also makes international visitors feel at home by letting them use their preferred apps. For instance, a Chinese tourist can simply use Alipay to pay, increasing their likelihood of spending in your store.
Never Miss a Sale with QashierPay’s Alipay+ and GrabPay Integration!
This integration of Alipay+ with GrabPay is more than just a technological leap; it’s a huge step toward a more connected and inclusive economy. By embracing QR cross-border payments, Singapore merchants can reach a wider customer base, save on costs and offer more secure transactions. Local and international customers alike enjoy a seamless and familiar payment experience.
At Qashier, we’re committed to empowering businesses with innovative tools that keep you ahead of the curve. QashierPay helps you meet your customers’ needs and grow in the digital age.
Ready to transform your payment system? Contact us today to discover how Qashier can help your business embrace the future of digital payments.