Uber has announced a global expansion of their partnership with Alipay, the dominant Chinese online payment service, allowing mainland users to use their native payments internationally. Previously Chinese users would have to link their account to a dual currency credit card.
Its a major move for Uber, who have been running a multi-billion dollar campaign to boost their services in China. They can now potentially monetize on the 120 million outbound trips made by Chinese tourists every year, a larger population than some of the countries that Uber operates in.
It’s also created a significant new foothold for Uber in their effort to outpace Chinese ride-hailing giant Didi Chuxing.
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