Chinese Payment Firm for Euro 2020

If you are not familiar with Alipay the chances are you will be over the next few years as the Chinese payment platform, a rival to Pay Pal and Stripe, has signed an eight-year partnership with UEFA to include all UEFA national team football competitions from 2018 to 2026.

That will include al payment transactions relating to the four games we will host in Dublin as part of the Euro 2020 Finals in a little over 18 months time.

“We are proud to announce this unique and groundbreaking partnership with Ant Financial and Alipay for UEFA’s national team competitions,” said UEFA President Aleksander Čeferin, who attended the unveiling of the partnership in Shanghai.

“Alipay is at the forefront of digital payments and in association with its global partners, Alipay has unique connections with over 900 million users. We believe the partnership will further innovate the way in which UEFA engages with football fans around the world.”

Mr Čeferin added that UEFA will look to work closely with Alipay to provide a unique digital experience for the hundreds of thousands of football fans who will follow their teams during UEFA EURO 2020 across 12 countries as well as in Germany for UEFA EURO 2024.

Alipay’s first four-year cycle as a UEFA national team competitions sponsor will involve a total of eight competitions, spanning 420 matches and having an estimated total live audience of 7.4 billion people.

With over 700 million active users in China, Alipay will also become UEFA’s official global digital wallet provider and the organisation’s official global FinTech partner. As global leaders in the field of digital finance technology and mobile payment, Alipay and Ant Financial aim to bring digital innovation to football fans, enhance their onsite experience and deliver seamless payment and other services to fans in Europe and throughout the world.

“We are thrilled to work with UEFA to bridge the world through the common language of football,” said Eric Jing, executive chairman and chief executive officer of Ant Financial.

“We will empower UEFA to engage with football fans around the world through digital platforms and help UEFA reach and interact with billions of potential audience in Asia,” “By partnering with UEFA, we hope to share the passion and happiness of football with more people across the world and bring them the benefits of digital life.”

Alipay becomes UEFA’s third national team sponsor, which will feature at UEFA EURO 2020, after Volkswagen and Booking.com signed deals until 2022.

Image Credit: Dan Sheridan, Inpho.ie

Similar Articles