Alibaba's Financial Service Partners With Electric Scooter Company, Helbiz

The collaboration aims to allow Alipay’s customers to easily make payments and ride Helbiz’s micro-mobility solutions when visiting Italy.

Author: Anthony Russo   

Alibaba Holding Group Ltd.'s (NYSE: BABA; HKEX: 9988) payment solutions Alipay has partnered with micro-mobility provider Helbiz.

Under the collaboration, Alipay will provide its mobile transaction services to Helbiz's app. That will allow Alipay's customers to find convenient booking for Helbiz's devices and process payments when visiting Italy, Helbiz said in a statement today.

With the Chinese New Year approaching on Jan. 25, Helbiz said it anticipates a large number of Chinese tourists will visit Italy during the holiday.

"I am proud to announce this partnership between smart mobility leader, Helbiz, and Alipay to help facilitate the mobility of millions of Chinese and South-East Asian tourists coming to Italy for the Lunar New Year celebration,"  Rodrigo Cipriani Foresio, the country manager of Alipay in South Europe, said in Helbiz's statement today.

He added, "Our partnership with Helbiz allows millions of Chinese visitors to easily move around Italian cities and enjoy their holiday even more. This is the beginning of a global transformation that Alipay will help support, thanks to the combined efforts of mobile payment services and smart mobility."

During the European Football Championship 2020, Helbiz devices will be co-branded with the logos of Alipay.

Helbiz, which is headquartered in New York, has offices in Italy, Spain, Serbia and Singapore. Helbiz provides its electric scooters and e-bicycles in more than 20 cities across the globe.  

Operated by the world's largest fintech provider in the world, Ant Financial Services Group, Alipay is accepted in over 55 countries. It also has partnerships with 250 financial institutions and payment solution providers around the world.

Last week, Reuters reported that Ant Financial was seeking public listings in Hong Kong and mainland China at a valuation of $200 billion.

In New York, shares in Alibaba closed 4 cents low, at $222.37 per American depositary share, on Wednesday.

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