T&T Supermarket now accepts mobile-based payment platforms Alipay and WeChat Pay thanks to Richmond fintech AlphaPay.
AlphaPay today announced the national integration of its mobile payment technology into Canada’s largest Asian supermarket chain.
The integration will enable T&T’s 27 locations to better serve the growing Asian consumer demographic and provide the most convenient payment method to their customers. WeChat alone has over 1.2 billion users globally, roughly 2 million of which reside in Canada.
The rise in overseas travel from China and spending by Chinese consumers emphasizes the impact of AlphaPay’s all-in-one payment solution on the Canadian market.
“We are thrilled to have the support of T&T, Canada’s largest Asian foods market chain, as they roll out our AlphaPay solution in retail locations across the country. The tourism market from China has been growing significantly over the last decade in Canada, something that’s been further accentuated today as we find ourselves in the midst of Golden Week – a semi-annual Chinese national holiday,” said Jason Gu & Albert Sun, Founders of AlphaPay.
“We are excited at the potential impact and uptake of AlphaPay, and the prospect of providing a seamless technology that solves the inefficiencies and numerous other challenges posed by cross-border spending.”
AlphaPay’s integrated payment solution enables merchants and consumers to quickly and conveniently transact secure, encrypted payments. Consumers present the dynamic payment QR code of their Alipay or WeChat Pay mobile app at the time of purchase, which is then scanned by T&T via the POS scanner, instantly completing payment.
Funds are debited directly from the customer’s Chinese bank account, removing all processing issues that are typically associated with cross-border payments, spending limitations and exchange rates.