July 11, 2019
RiverPay Inc. announced that it was facilitating payments for Chinese mobile wallets Alipay and WeChat Pay at Harrods flagship Knightsbridge department store in London.
The new agreement is part of a growing expansion of Chinese tourists who favor mobile wallet payment at overseas retailers.
VisitBritain data shows that about 483,000 arrivals are expected from China in 2019, and these visitors are expected to spend more than $1.25 billion (1 billion British Pounds) this year. Harrods shows that about 20% of every dollar spent by Chinese visitors is spent at the department store.
"Harrods is much more than a department store, it's destination unto itself for Chinese consumers," Ryan Zheng, co-founder and CEO at RiverPay, said in a company release.
Topics: Mobile Apps, Mobile Payments, Region: EMEA, Retail
Companies: WeChat Pay, Alipay
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