Alibaba Group has announced that the online payment platform AliPay will officially launch in Canada through a partnership with Snap Pay.
Due to this announcement, Canadian retailers will start accepting Chinese currency from Chinese shoppers this week. More than 450 Canadian merchants are said to already accept AliPay in an unofficial capacity. Chinese consumers visiting Canada will also have the ability to pay through this platform, while Canadian merchants will have the opportunity to access the Chinese market.
AliPay was launched in 2004 and has since then registered more than 450 million active users.