Amid sluggish sales in China, Alibaba launches “buy now, pay later.”

Amid sluggish sales in China, Alibaba launches “buy now, pay later.”

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Splitit Payments Ltd SPTTY and Alipay to have educated partnered to provide the Pay After Delivery option for shoppers on AliExpress, a global e-commerce marketplace owned by the Chinese internet giant alibaba group holding ltd BABA.

Splitit’s technology platform coupled with Checkout.com’s payment acquisition capabilities enables AliExpress buyers to pay with their existing credit card after delivery.

As part of the Splitit-Alipay connection, buyers’ credit cards will be blocked when shopping on AliExpress.

Related: Xi Jinping’s government buys ‘Golden Shares’ in local units of Alibaba, Tencent.

For major European cities like Paris and Madrid, goods could be delivered in 10 business days, Wall Street Journal reported citing an AliExpress spokesman.

Average delivery times are 15 to 20 days for remote areas in Europe.

Orders placed through AliExpress fell in Alibaba’s last three quarterly reports.

The payment tie comes as Chinese e-commerce firms look abroad to boost sluggish domestic sales.

“Buy now, pay later” services have gained prominence, despite the fact that retailers or merchants have to bear the cost of financing often interest-free loans.

Price promotion: BABA shares closed at $116.98 on Friday.

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