A new tie-up between a payment company affiliated with Chinese e-commerce group Alibaba and a US-based payments processor could soon make it far easier for Chinese shoppers to buy online from overseas retailers.
Stripe, a San Francisco start-up that handles payments for online retailers, has started to let online retailers accept purchases made through Alipay, an Alibaba-affiliated payment method that is by far China’s most popular way of paying for goods bought online.
The move by Alipay is the latest in a string of recent deals that could help it, and its affiliate Alibaba, expand beyond the borders of China (where Alibaba is the nation’s largest online retailer.)
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