GCash, other Asian e-wallets to expand into S.Korea with Ant's Alipay+

BEIJING (Reuters) you ought to Ant Group says on Monday it is help four Oriental e-wallets, including the Philippines’ GCash and Malaysia’s Touch’n Go enlarge into South Korea with its cross-border monthly payment service Alipay+, while travel restrictions begin to lift across Indonesia.

The push will allow users in e-wallets that use Alipay+, including GCash, Touch’n Go, Thailand’s TrueMoney, and AlipayHK to shell out at over 10, 000 merchants making use of their local mobile installments apps when traveling for South Korea, often the Chinese fintech large said in a survey.

Launched for 2020, Alipay+ supplies services and technological innovation tools to worldwide merchants and e-wallets that enable these phones offer their people the ability to make installments in overseas areas with their local e-wallets. Its e-wallet consumers include its namesake Alipay.

“With South Korea being one of the most popular destinations regarding Filipinos, we are glad that our customers should be able to maximize their GCash app during their trips, ” said Martha Sazon, chief executive officer regarding Mynt, which works GCash.

Early on this month, South Korea ended pre-departure COVID-19 test requirement for international travellers, in step by using Japan and other areas that also cleaned up and removed it.

Through June, Alipay+ got enabled Malaysia’s Touch’n Go users to be charged for with the e-wallet for Singapore.

(Reporting by Yingzhi Yg and Brenda Goh; Editing by Rashmi Aich)