Alipay announced agreements with six European mobile wallet providers in a collaboration designed to promote interoperability in the use of QR codes for digital payments.
The six mobile wallet providers, Bluecode, ePassi, momo pocket, Pagaqui, Pivo and Vipps are working together to develop a unified QR code to unify what officials say has been a fragmented marketplace. When completed, users of these six mobile apps will be able to make QR code payments in 10 European countries where these apps are accepted, and Alipay users will be able to make payments at merchants that accept these various payment systems.
“It has always been our vision to enable European banks with a widely accepted European mobile payment offering,” Christian Perkner, CEO of Blue Code International, said in a company release. “As a payment solution provider, we naturally support this collaboration of European wallets agreeing on a technical format.”
“Even more compelling that it is compatible with Asia’s leading lifestyle app Alipay,” he said.
The collaboration is based on a similar deal in December between Alipay and two Nordic firms, Vipps and ePassi. Those two firms have begun to roll out QR code formats in several Nordic countries and Spain-based Momo, Austria’s Bluecode and Portugal’s Pagaqui plan to extend the collaboration to their home markets later this summer.
Alipay has more than a billion users around the world and works with more than 200 Chinese financial institutions.