Logo of Phnom Penh Post newspaper Phnom Penh Post - Local payment platform Pi Pay teams up with China’s Alipay

Local payment platform Pi Pay teams up with China’s Alipay

Customers purchase movie tickets using the Pi Pay app on their smartphones in Phnom Penh.
Customers purchase movie tickets using the Pi Pay app on their smartphones in Phnom Penh. Heng Chivoan

Local payment platform Pi Pay teams up with China’s Alipay

Just six months into operations, local mobile payment platform Pi Pay has partnered with giant Chinese counterpart Alipay, looking to capitalise on the Chinese company’s broad network and to attract more merchants to its platform.

The partnership allows visitors from China to access Pi Pay merchants through Alipay.

Chinese tourists have been visiting Cambodia in record numbers, accounting for almost a quarter of the 5 million tourist arrivals last year, with a jump of 40 percent expected this year.

Pi Pay CEO Tomas Pokorny explained that this was a natural expansion for his company, whose app has reached 168,000 downloads across Cambodia, though participating merchants are located largely in Phnom Penh. Pi Pay anticipates expanding services to Siem Reap and to Sihanoukville – a city dominated by Chinese casinos and businesses – at the start of the new year.

“With more than 2 million Chinese tourists per year expected by 2020, the partnership we are announcing today is . . . about building warm and mutually beneficial partnerships between two countries,” he said, adding that Alipay customers will now have immediate access to the 1,400 merchants in Cambodia already accepting Pi Pay payments.

The partnership should not only be beneficial to the tourism industry, he added, but should also further support efforts to create a cashless society and strengthen financial security, literacy and infrastructure in the Kingdom.

“We believe that the rapid adoption of Pi Pay by over 150,000 users in Phnom Penh alone is a strong indicator that Cambodia is becoming an international player in financial technology on a par with the best in the region and the world,” he said.

Alipay, which was launched 13 years ago by an affiliate of Jack Ma’s e-commerce company Alibaba, currently has 520 million active users in China, operates in seven countries and offers its users access to over 70 million merchants. All of its users must have a Chinese bank account.

Cherry Huang, Alipay’s general manager of crossborder business for South and Southeast Asia, said the partnership would be well-received by Chinese customers anxious for the comforts of home while travelling through the Kingdom.

“The Alipay platform will allow local merchants to not only sell goods and services to Chinese tourists when they visit the country, but also reach active Alipay users remotely through the app before and after their trips to Cambodia,” she said.

“This will enhance and create a new retail experience for consumers, [generating] a mobile marketplace in Chinese tourists’ smartphones.”

She added that Alipay’s commitment to enabling a smart lifestyle at home and abroad for its Chinese users would be beneficial to Cambodian businesses.

“I strongly believe that this win-win partnership will benefit Chinese consumers and local businesses and at the same time, play a part in making Cambodia a truly cashless destination for our users,” she said.

A previous version of this article stated that Pi Pay had gained 15,000 users in Phnom Penh. The correct figure is 150,000. The Post apologises for the error.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the