Chinese buyers can now pay for their purchases in merchants’ stores in Mauritius using Alipay, the world’s biggest online and mobile payment company run by Ant Financial Group, an affiliate company of the e-commerce magnate, Alibaba Group. Launched in 2004, Alipay currently has over 520 million active users and partners with over 450 financial institutions globally.
Alipay is a mobile ewallet widely used in China. Alipay has evolved from a digital wallet to a lifestyle enabler. It is an in-store mode of payment through smartphones using the QR code concept. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from the app. In addition to online payment, Alipay is expanding to in-store payments both inside and outside of China.
Value propositions for Merchants:
• Quick and easy mode of payment
• Secure, cost-convenient, comfortable and reliable solution
• Handy and digital payment solution
• No Rental fee involved and competitive solution
• Merchants will be registered on Alipay Discovery Channel to promote their stores and product for Alipay users
Should you wish to grab this opportunity, please email us at pos@sbmgroup.mu for inStore (face to face) services and at ecommerce@sbmgroup.mu for On-Line (eCommerce) services.
How does Dynamic QR code model work?
- Login to the Alipay Cashier app and charge transaction amount.
- Scan the dynamic QR codes of the Alipay users.
- Receive an instant transaction confirmation message on the Alipay Cashier app.
What do I need to start using Alipay Dynamic QR model?
- You need a smart phone, Android as from 4.3 or IOS as from 8.0.
- Mobile Internet data package or Wi-Fi.
Will I be able to give a receipt to my customer?
- No, because the Alipay user will be notified directly on his/her Alipay app.
Will I have to bear the cost of sending the e-receipt via SMS?
- No, because Alipay payment does not send any SMS to the user.
- The user will be notified directly through his/ her app.
How long does the whole sign-up process take?
Once you have signed up you application form, it may take a maximum of 4 working days.
What if my application is rejected by SBM?
- If your application is rejected by SBM, you may contact SBM directly for further details or appeal.
Are there any upfront costs I need to pay? How much does Alipay cost?
- No, there are no upfront costs or setup costs for Alipay. The Alipay service is based on Merchant Service Commission (MSC) per transaction only.
Do I need to download any mobile app for the Dynamic QR code model?
- Yes, the Alipay cashier mobile app is available on Playstore for Androids and App Store for IOS.
Do I require any Wi-Fi connection?
- Yes, you require Wi-Fi connection to process a payment.
- If no Wi-Fi connection, Mobile Internet Data can be used.
What is the transaction fee (MSC) that I have to pay?
- The transaction fee will be as determined in your Alipay merchant agreement.
Can I apply for a lower MSC?
Appeals for lower MSC can be made directly to SBM, once you are already an approved merchant. SBM will consider the appeal based on actual transaction volume.
How will my Alipay proceeds be deposited?
For all settled transactions, your proceeds will be deposited into your Bank’s account the next business day for a SBM account and at least 2 working days for a Non-SBM account.
Where can I view settlement records?
- SBM will send a daily report for reconciliation purpose.
- You can access to the Alipay merchant portal to download reports.
How does Static QR code model work?
- Alipay user keys in the transaction amount and takes the photo of the merchant’s static QR code.
- The QR code is sent to Ali Pay via the secured Alipay app for transaction processing.
- Merchant receives an SMS on his/ her mobile phone for transaction confirmation.
- Alipay transaction is completed after the SMS notification
What do I need to start using Alipay Static QR model?
- You will be provided Acrylic with your unique QR code.
- A mobile phone and its SIM card. It can be a smartphone as well.
Will I be able to give a receipt to my customer?
- No, because the Alipay user will be notified directly on his/her Alipay app.
Will I have to bear the cost of sending the e-receipt via SMS?
- No, because Alipay payment does not send any SMS to the user.
- The user will be notified directly through his/ her app.
How long does the whole sign-up process take?
- Once you have signed up you application form, it may take a maximum of 4 working days.
What if my application is rejected by SBM?
- If your application is rejected by SBM, you may contact SBM directly for further details or appeal.
Are there any upfront costs I need to pay? How much does Alipay cost?
- No, there are no upfront costs or setup costs for Alipay. The Alipay service is based on Merchant Service Commission (MSC) per transaction only.
Do I need to download any mobile app for the static QR model?
- No mobile app download is required under this model.
Do I require any Wi-Fi connection?
- No, as a merchant you do not require any Wi-Fi connection.
What is the transaction fee (MSC) that I have to pay?
• The transaction fee will be as determined in your Alipay merchant agreement.
Can I apply for a lower MSC?
- Appeals for lower MSC can be made directly to SBM, once you are already an approved merchant. SBM will consider the appeal based on actual transaction volume.
How will my Alipay proceeds be deposited?
- For all settled transactions, your proceeds will be deposited into your Bank’s account the next business day for a SBM account and at least 2 working days for a Non-SBM account.
Where can I view settlement records?
- SBM will send a daily report for reconciliation purpose.