 14-Mar-19, Alizila 

UK-based Barclaycard and Alipay have joined hands to allow more UK retailers to accept payments made with the digital wallet operated by Ant Financial.

Image: Alizila

The tie-up gives Chinese tourists added convenience while shopping in the UK and enables more local retailers to deepen their engagement with Chinese travelers. Barclaycard, which processes nearly half of the UK's credit and debit card transactions, has it made it possible for retailers to integrate Alipay into their existing payment system.

The UK is popular with Chinese travelers. The number of Chinese tourists will hit 483,000 this year, close to double 2017. Spending by Chinese tourists is expected to grow 50% from 2017 to GBP1 bn in 2019. The UK is also home to 393,000 Chinese residents and about 100,000 Chinese students.

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