What is the difference between Alipay and Alipay+?

Alipay introduced Alipay+ a few years ago, which has caused some confusion among merchants.

Many wonder what differentiates Alipay from Alipay+.

This article will clarify their key differences and explain why Alipay+ is a great opportunity for merchants.

What is Alipay?

Alipay is a popular e-wallet and mobile payment app. It’s used by 1.3 billion consumers, primarily in China.

Customers can use Alipay to make payments both online and in-store. It’s one of the most widely accepted digital wallets globally.

What is Alipay+?

Alipay+ is the latest launched payment solution designed for merchants by Alipay.

Instead of accepting a single e-wallet like Alipay in your business, Alipay+ enables businesses to accept 16+ e-wallets from different countries through one integration. No additional integration needed for each payment method. All is included in Alipay+!

In other words, for merchants, Alipay has become Alipay+.

Note💡: The good news for merchants is that with Silkpay, Alipay+ is offered at the same rate as Alipay. This means that you can reach 2 billion customers at a minimal cost.

Integrate Alipay+

Key Features of Alipay+

1. Supported e-wallets in Alipay+:

Alipay+ helps merchants accept payments from multiple e-wallets such as:

Alipay (China) : The leading digital wallet in China.
GCash (Philippines) : A widely used mobile wallet for online and in-store payments.
Touch 'n Go (Malaysia) : A popular digital wallet in Malaysia.
GrabPay (Southeast Asia) : A payment solution used across multiple countries, including Singapore, Malaysia, and Thailand.
KakaoPay (South Korea) : One of South Korea’s major mobile payment services.
TrueMoney (Thailand) : A preferred digital wallet in Thailand.
Dana (Indonesia) : A leading mobile payment app in Indonesia.
DOKU (Indonesia) : A local Indonesian e-wallet, with 3 million users.
ezlink (Singapore) : A Singapore-based e-wallet used for both transportation and retail payments, with 1.9 million users.
Naver Pay (South Korea) : One of South Korea’s major digital wallets, with 30 million users.
Toss (South Korea) – An innovative fintech and payment wallet in South Korea, with 20 million users.
TrueMoney (Thailand) – One of Thailand’s top e-wallets, with 50 million users.

Merchants only need one integration to start accepting payments from all Alipay+ partner wallets.

2. Cross-border payments :

Through Alipay+, merchants can accept payments from international tourists and global consumers.It is ideal for restaurants, retailers, luxury brands, hotels, e-commerce stores, and travel-related businesses.

3. Secure and efficient transactions :

A nearly nonexistent fraud rate ensures safe payments.

4. No additional setup for existing Alipay merchants :

If a merchant already accepts Alipay, Alipay+ is automatically included without extra fees (via Silkpay).

How to integrate Alipay+?

If you already have a Silkpay account

Good news! You don’t need to do anything.

Silkpay has automatically upgraded your integration from Alipay to Alipay+. It means you can already accept payments from multiple e-wallets at no extra cost.

The transaction rate remains the same as Alipay.

Tip💡: For example, if a customer from South Korea visits your store and wants to pay with their local e-wallet such as Kakao Pay. No problem! As a merchant you only need to follow the same process you always did for accepting Alipay payments via Silkpay app or POS machine:
- Enter the transaction amount
- Choose Alipay+
- Click on scan or generate QR code
- Either the customer will scan your QR code using their Kakao Pay app or you will scan their generated QR code from Kakao Pay. It’s as simple as this!

For more details, watch our tutorial on how to accept 16+ e-wallets via Alipay+.

If you don’t have a Silkpay account

To start accepting Alipay+ payments, you simply need to sign up for a Silkpay merchant account and choose alipay+ payment method in the process.

Silkpay will handle the integration and help you to accept payments from all Alipay+ e-wallets with a single setup.

Open an account now

Why is Alipay+ Important for Merchants?

Alipay+ is the solution merchants didn’t know they needed. 89% of our merchants who integrated Alipay+ solution with Silkpay declared to have seen their revenue grow significantly in a period of 3 months after integration.

Additionally, foot traffic from tourists all over Asia has increased in physical locations. All merchants need to do is to stick the Alipay+ sticker in their storefront and enjoy the benefits.

Alipay+ is a convenient payment integration. It helps businesses reach nearly 2 billion customers who use mobile wallets across different countries without needing multiple integrations.

Alipay+ offers a localized payment experience to foreign travelers and online shoppers.

Where can merchants accept Alipay+?

Both online stores and physical stores can integrate Alipay+ payment solution to accept payments from these wide ranges of e-wallets.

Alipay+ integration options for physical stores: PAX A920Pro, Silkpay app, printed QR code.
Alipay+ integration options for online stores: API, Paybylink.

Get Alipay+ now

The future of Alipay+

Alipay+ will continue expanding by adding more e-wallets to its network. Soon, merchants will not only be able to accept payments from Asia-based e-wallets but also from European and global digital wallets.

By upgrading to Alipay+, merchants can future-proof their payment systems and cater to a diverse range of global customers.

Get Alipay+ with Silkpay today and take your business to another level!

About the author: Silkpay

Based in Paris, Silkpay provides omnichannel and secure payment solutions to help physical stores and e-commerce in Europe and the Americas accept more than 30 of the world's most popular payment methods: Visa, Mastercard, CB, UnionPay, Alipay+, WeChat Pay as well as Asia-Pacific’s major e-wallets.

Silkpay is a winner of the LVMH Innovation Award. The company was also selected as a finalist for the "Money 20/20" Best Startup and in the "MPE Berlin” Startup Awards. Silkpay also won the "Best Fintech" awards from Capgemini and BPCE.

Silkpay helps merchants deliver the smoothest payment experience to their customers. We are a talented and international team driven by a single goal: to improve the customer experience and make payments simple and secure.