A regional leader in the payment solution industry in the MENA region, Magnati partners with Alipay+, a provider of global cross-border digital payment and marketing solutions, elevating the payments landscape in the region.
Industry sources added that this partnership effort promises delivering an integrated, seamless, and secure payment processing experience that will benefit both merchants and the vast number of consumers behind Alipay+ partner wallets.
Industry sources further confirmed that with a growing number of global visitors and residents in the UAE, this partnership aims to boost the digital payment experience for all stakeholders involved. Magnati is leveraging next-generation payment technology to offer a convenient and integrated checkout experience to over 1.4 billion digital payment users.
This will be accomplished through Magnati’s payment acceptance channels, all of which are accessible through a unified interface.
Magnati is expanding its services through this collaboration to benefit digital payment users by providing them with access to point-of-sale terminals in its merchant coverage, with more e-wallets to be added. This initiative simplifies the shopping experience for consumers by eliminating the need to carry cash or manage unnecessary currency exchange when paying for products and services at Magnati-affiliated merchants.
Additionally, consumers may enjoy exclusive discounts and promotions by merchants through Alipay+, enhancing their shopping experience. The Integration of Alipay+ solutions can significantly boost sales for merchants, as a substantial number of Asian consumers prefer businesses that accept their preferred payment methods.
Industry sources further added that the initial phase of this collaboration will allow merchants to accept payments from eight Alipay+ partner e-wallets including Alipay, AlipayHK, MPay, Kakao Pay, GCash, TrueMoney, OCBC, and Tinaba.
This development will make it easier for consumers from mainland China, Hong Kong and Macao, South Korea, the Philippines, Thailand, Singapore, and Italy to pay for goods and services through Magnati merchants using their preferred e-wallets.
Ramana Kumar, Chief Executive Officer of Magnati stated, “As a leading payments company in the MENA region, Magnati is thrilled to collaborate with Alipay+ to enable a unified and seamless payment ecosystem for both merchants and individuals. Magnati’s core mission is to deliver convenient and secure payment solutions for all our customers and partners. We are committed to working with Alipay+ to unlock further value for businesses and grow their customer base.”
Guoming Cheng, General Manager of Ant Group in Europe and the Middle East added, “On a broader scale, the collaboration between Magnati and Alipay+ is expected to further accelerate the acceptance of digital payments in the MENA region. Together, we are looking forward to promoting digital inclusion, transforming the retail landscape, and boosting more growth opportunities for regional merchants and the economy.”
Alipay+ introduced by Ant Group, offers a suite of cross-border digital payment, marketing and digitalization solutions that help global merchants connect with consumers. This enables consumers to enjoy seamless payments and a broad choice of deals using their preferred payment methods while traveling abroad. Additionally, small and medium-sized businesses can utilize Alipay+ digital tools to enhance efficiency and achieve omnichannel growth.