Standard Chartered Bank China has partnered with Alipay, an affiliate of Alibaba Group and China’s leading third-party online payment platform, to launch the new Standard Chartered- Alipay Express Payment service.
The new Express Payment service allows Standard Chartered China debit card holders to safely and conveniently pay for their online purchases from any of the 460,000 online merchants worldwide that offer Alipay as a payment option.
According to a joint statement, the Express Payment service is the first of its kind for international banks in China.
To use the service, users simply need to provide their debit card number, mobile phone verification code and other related information. Once approved, users can complete transactions using their Alipay password and mobile verification code.
Users who are concerned about the security of the Express Payment service can feel at ease as the two companies have implemented a rigorous security system to reduce the risks caused by Trojan horses and phishing links.
Alipay also offers to recover transaction losses encountered during the use of the Express Payment service within 72 hours of the issue being reported, even though some restrictions apply.
The addition of the Express Payment service will expand the already comprehensive service offerings by Standard Chartered China Bank.
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