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Smartpay taps into China tourist payments

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March 13, 2018

ASX-listed payment provider Smartpay has signed a deal with Chinese giant Alipay.

Shares in Smartpay have soared as much as 64 per cent after the ASX-listed payment provider signed a deal with Chinese giant Alipay.

Smartpay says the deal with Alipay, which has 520 million active users in China, gives 25,000 merchants access to an estimated $11 billion in Chinese tourist spending across Australia and New Zealand.

Smartpay will take a slice of each Alipay transaction on its terminals, with a trial set to launch in NZ next month.

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