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ChronoPay + Alipay: the Chinese market became more accessible to the Russian Internet dealers

     International processing company ChronoPay and the leading Chinese service of Internet payments Alipay entering into group of companies Alibaba Group Company, have entered into the agreement on strategic partnership. The signed contract allows Internet shops in the European Union (working with company ChronoPay B.V.) and in Russia to accept payments in ecash Alipay. This electronic currency is rather popular among the numerous Chinese Internet buyers who do not have plastic cards of international payment systems Visa, MasterCard, etc. Henceforth all Internet shops using ChronoPay, can freely conduct operations in quickly growing Chinese market of electronic commerce.

     Ilko Prajshhopf, director ChronoPay for marketing in the EU countries:" We will provide possibility of reception of electronic currency Alipay in all co-operating with ChronoPay Internet shops. Thereby wide layers of the Chinese users who earlier did not have payment tools for purchases outside of the Chinese sector of the Internet are involved in global electronic commerce. The conclusion of the contract with Alipay ChronoPay continues work on expansion of global possibilities of the Internet dealers, begun with signing last year the partner agreement between us and payment system Moneybookers ".

     As Dmitry Shmakov, vice-president ChronoPay on marketing and commercial activity has noted, "the Russian Internet shops also get almost unlimited access to the Chinese Internet buyers. Partnership ChronoPay and Alipay is especially perspective for the Internet shops selling the virtual goods and services, for example, a digital content. Besides, our cooperation is important in the plan for development of a tourist segment of the Russian electronic commerce. Citizens of the Peoples Republic of China will have an opportunity to buy electronic air tickets and to carry out online payment of numbers in the Russian hotels by means of Alipay".

     Necessity of agreement ChronoPay and Alipay is caused by a current condition of the market of electronic commerce in the Peoples Republic of China. Now only the smaller part of the Chinese Internet users possesses cards of the international payment systems (Visa, MasterCard, etc.) Allowing to get the goods and services outside of the Chinese sector of the Internet. The majority of the Chinese Internet users have only local payment tools (local bank payment systems, local ecash). This circumstance interferes with involving of the big group of potential buyers in global electronic trade.

     Alipay allows the Chinese users to convert means from the various local payment tools in national electronic currency. Ecash Alipay is accepted for payment in a considerable quantity of online shops of the Chinese sector of the Internet. Thus, Alipay consolidates the market of electronic commerce in the Peoples Republic of China, putting at disposal of the Chinese buyers the universal payment tool. Integration of ecash Alipay into the European and Russian online shops supported by company ChronoPay, expands possibilities of electronic commerce for the Chinese buyers and the Internet shops, wishing to work in the market of China.

     Chineses very hospitable people of that you will not tell about frontier guards at the Chinese customs - all of them very carefully check things and the Chinese visas (therefore to enter or many money to you will not give though as though you did not hide them, therefore it is necessary to take advantage of wire transfers and by that to bring the contribution to development of electronic commerce of China).


China's Emerging New Economy: The Internet and E-Commerce by Nah Seok Ling, John Wong, and Seok Ling Nah (Paperback - Jan 2001)

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The China Study: The Most Comprehensive Study of Nu trition Ever Conducted and the Startling Implications for Diet, Weight Loss and Long-term Health by T. Co lin Campbell, Thomas M. Campbell II, John Robbins, and Howard Lyman (Paper back - Jun 1, 2006)

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