Stripe in global deal with WeChat Pay and Alipay

Stripe has launched support for Chinese mobile wallet providers Alipay and WeChat Pay.

Sites which use Stripe to accept payments can now allow Chinese customers to pay with WeChat Pay and Alipay using the service’s Source API.

It has also partnered with Alipay to support recurring payments.

“Digital wallets are the payment method of choice in mobile-first markets like China. In 2016, Alipay and WeChat Pay dominated the mobile wallet ecosystem in China, with 92% market share between them,” said Stripe.

Stripe has also launched in Hong Kong.

“Local companies can now access the full Stripe stack including Stripe Radar, Connect with Custom accounts, and 3D Secure support,” it said.

“Starting today, we’re also rolling out support for Hong Kong users to get paid out in USD without currency conversion to local, USD-denominated bank accounts.”

Now read: WeChat and McDonald’s launch mobile payment partnership

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Stripe in global deal with WeChat Pay and Alipay