Overseas Alipay transactions grew fivefold over Labor Day
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Transaction volumes in Hong Kong grew sevenfold over the previous year, Alipay said.
Asian markets dominated the list of the top destinations by transaction volumes during the year, accounting for nine of the top ten spots. Thailand, South Korea, Japan, and Macau rounded out the top five. This was followed by Taiwan, Australia, Singapore, Malaysia and the US.
But the fastest growth was recorded in Canada (16 times), the Netherlands (12 times) and the Czech Republic (11 times).
Meanwhile average total spend per user increased by 59% over last year to 1,508 yuan ($237), with European destinations accounting for half of the top 10 countries in terms of total per user spend. The highest average was in Spain (7,965 yuan), followed by France and Italy.
Alipay’s data also show that just over two thirds of users of Alipay overseas were female, while 85% were born in the 1980s or the 1990s.
Finally, among the 29 countries that support tax refunds via Alipay, South Korea recorded the highest amount in RMB terms, followed by France and Germany.
Questions & Answers
Q.Which specific destinations saw the highest growth in Alipay transactions, rather than just transaction volume?
Which specific destinations saw the highest growth in Alipay transactions, rather than just transaction volume?
The fastest growth in Alipay transactions was recorded in Canada, which saw a 16-fold increase. This was followed by the Netherlands with a 12-fold increase, and the Czech Republic with an 11-fold increase.
Q.What was the average amount spent per user with Alipay overseas during the Labor Day holiday?
What was the average amount spent per user with Alipay overseas during the Labor Day holiday?
The average total spend per user increased by 59% over the previous year, reaching 1,508 yuan, which is equivalent to $237. Spain recorded the highest average spend per user.
Q.What demographic information is available about the users making overseas Alipay transactions?
What demographic information is available about the users making overseas Alipay transactions?
Just over two-thirds of Alipay users overseas were female. Also, 85% of these users were born in the 1980s or 1990s, indicating a younger demographic.
Q.Which countries generated the most money in tax refunds processed through Alipay?
Which countries generated the most money in tax refunds processed through Alipay?
South Korea recorded the highest amount in RMB terms for tax refunds processed via Alipay. France and Germany followed, coming in second and third respectively among the 29 supporting countries.
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