Alibaba may hand in hand with eBay payment system

eBay’s PayPal was negotiating with Alibaba and trying to make its China online payment services join Alibaba’s global express in China. If agreement is reached, U.S. consumers will be able to send money through PayPal into China, Paypal will also begin a new business in China.

Alibaba said to the “Daily Economic News” that “do not know about the the cooperation details between two sides.”

At the end of last year, Alibaba launched a global express pass (offer one-stop service platform of wholesale prices, secure payment and whole delivery tracking), but the “global express pass” default payment option is alipay platform. Although Alipay is China’s leading online payment platform, it is unknown in the international markets (including the U.S.)

Cao Fei, Yi Guan International analyst said in an interview with “Daily Economic News” that including alipay, Alibaba’s international layout is not satisfactory in the current situation. From this point of view, it is possible to have cooperation with overseas payment system.

In regard to the cooperation in the rumors, Cao Fei believed it was “mutual need”, and to Alibaba payment platform is not an exlusive or sole access, and the system can be used simultaneously by Alipay and Paypal, and when the penetration of Alipay is more extensive, the Alipay users can also replace the paypal users. “

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