7-Eleven Malaysia to launch Alipay in partnership with MOL
| May 24, 2017
- Alipay can now be used in all 2,100 7-Eleven stores in Malaysia
- Service to be extended to other Berjaya Group merchants in the coming months
7-ELEVEN Malaysia Sdn Bhd, a wholly owned subsidiary of 7-Eleven Malaysia Holdings Bhd and a standalone convenience store chain with over 2100 stores started accepting Alipay app as a means of cashless payment from mainland Chinese tourists as of May 12.
This service is being rolled out in partnership with MOL AccessPortal Sdn Bhd (MOL), a subsidiary of MOL Global, Inc, 7-Eleven’s strategic partner and technology provider for in-store payment services. MOL acts as a third-party merchant acquirer (TPA) to facilitate Alipay payments in Malaysia, by signing up merchants such as 7-Eleven.
Mainland Chinese tourists can now use their Alipay app to make payments in Renminbi while touring Malaysia. Alipay payments are easy and simple to use – merchants only need to scan a barcode generated by the Alipay app in a customer’s mobile phone.
MOL Global, Inc global CEO Preecha Praipattarakul says, “We are excited to work with Alipay to provide Chinese tourists with a convenient and secure payment experience while in Malaysia. We look forward to developing our relationship with Alipay by acquiring more merchants and enabling them to accept Alipay”.
7-Eleven Malaysia deputy CEO Hishammudin Hasan says, “As a convenience store operator, we are thrilled to be able to accept payments via Alipay, adding to the convenience aspect of Chinese tourists shopping in our stores. While we are currently enabling this service in over 2,000 stores covering all of Peninsular Malaysia, and by the day after tomorrow (May 14), we plan to roll out this service to our entire network of over 2,100 stores”.
Vincent Tan, majority shareholder of MOL Global, Inc and 7-Eleven Malaysia and founder of the Berjaya Corporation said, “I greatly believe in the value of Alipay’s partnership, which will bring a trusted and convenient means of payment to the many Chinese tourists who visit Malaysia every year, while providing local merchants with the opportunity to tap into this growing customer segment market.
“The Berjaya Group of companies has over 5,000 outlets nationwide. We will go live with Berjaya Group merchants such as Starbucks, Kenny Rogers, Cosway and many more others, as well as our existing partner merchants, in the coming months”.