Alipay has partnered with Splitit Payments, a white-label service that allows merchant customers to pay in instalments, to provide a “pay after delivery” option for AliExpress shoppers.
The service is initially going to launch in Germany, France and Spain, with plans to expand into other international markets.
With Splitit’s platform and Checkout.com’s payment acquiring capabilities, AliExpress shoppers will be able to pay after delivery using their existing credit cards.
The partnership leverages Splitit’s instalments-as-a-service platform to create a “custom-branded experience” embedded in the AliExpress checkout flow.
“Splitit was able to provide a solution that addressed our needs to deliver a modern pay-after-delivery option for AliExpress consumers,” says AliExpress European commercial director Topp Gary Paul.
He adds that Splitit’s white-label approach “allows us to easily customise and integrate the service into our platform”.
AliExpress is a global e-commerce marketplace owned by the Alibaba Group, with Alipay acting as its global payment solution partner.
Splitit provides buy now, pay later (BNPL) services through its merchant-branded instalments-as-a-service platform. Headquartered in Atlanta, USA, the company has an R&D center in Israel and offices in London and Australia. – FintechFutures