iFresh Announces the Acceptance of Alipay Online and in Stores Nationwide
16 February 2018 - 12:30AM
iFresh, Inc. (NASDAQ:IFMK), (“iFresh” or “the Company”), a leading
Asian American grocery supermarket chain and online grocer,
announced today that iFresh customers will soon be able to pay for
items using Alipay’s Mobile Wallet. Alipay is a leading digital
payment platform operated by Ant Financial, and a popular means of
online and mobile payment for Chinese consumers. Once
available, iFresh will provide Alipay services online and in stores
in the U.S. through the activation and implementation support of
CITCON, a leading cross-border mobile payment and marketing
solutions provider that helps connect merchants with Chinese mobile
wallet users.
“Electronic wallets and mobile e-commerce are continuing to gain
popularity due to the rise of easy-to-use mobile devices,” Long
Deng, Chairman and CEO of iFresh, commented. “We are pleased to
partner with Alipay and CITCON as we keep optimizing our service to
provide a secure, trustworthy and convenient online and in-store
shopping experience. It allows students and tourists from
China to shop with us seamlessly. As the first local supermarket
chain to accept Alipay, we are looking forward to a revenue
growth.”
“Many Chinese consumers shop at specialty grocery stores in the
U.S. where they can find Asian foods and other products that may
not be available at local supermarkets,” said Souheil Badran,
President, Alipay Americas. “By accepting Alipay at the register,
iFresh will provide both in-store and online customers with the
ability to pay using a familiar payment method, diminishing any
language or payment barriers they may have otherwise faced. We are
thrilled to partner with iFresh to give their customers the best
shopping experience possible whether they are living or visiting in
the U.S.”
About iFresh, Inc.
iFresh, Inc., headquartered in Long Island City, New York, is a
leading Asian American grocery supermarket chain and online grocer.
With nine retail supermarkets along the US eastern seaboard (with
additional stores in Glen Cove, Miami and Connecticut opening
soon), two in-house wholesale businesses strategically located in
cities with a highly concentrated Asian population, and six
iFresh-managed stores, iFresh aims to satisfy the increasing
demands of Asian-Americans (whose purchasing power has been growing
rapidly) for fresh and culturally unique produce, seafood and other
groceries that are not found in mainstream supermarkets. With an
in-house, proprietary delivery network, online sales channel and
strong relations with farms that produce Chinese specialty
vegetables and fruits, iFresh is able to offer fresh, high-quality
specialty produce at competitive prices to a growing base of
customers. For more information, please visit:
http://www.ifreshmarket.com/
About Alipay
Operated by Ant Financial Services Group, Alipay is the world’s
leading digital payment platform. Launched in 2004, Alipay
currently has over 520 million active Chinese users and over 200
financial institution partners in China. Alipay has evolved from a
digital wallet to a lifestyle enabler. 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
within the app. In addition to online payments, Alipay is expanding
to in-store offline payments both inside and outside of China. Over
40 million brick-and-mortar merchants now accept Alipay across
China. Alipay’s in-store payment service covers more than 38
countries and regions across the world, and tax reimbursement via
Alipay is supported in 24 countries and regions. Alipay works with
over 250 overseas financial institutions and payment solution
providers to enable cross-border payments for Chinese travelling
overseas and overseas customers who purchase products from Chinese
e-commerce sites. Alipay currently supports 27 currencies. Follow
us on Twitter @antfinancial and @alipay.
About CITCON
Silicon Valley-based CITCON is the mobile payment solution
leader for merchants to accept the fast-growing mobile wallets at
the global scale. In North America, CITCON is the first and largest
authorized merchant acquirer for WeChat Pay and Alipay, two of the
most popular mobile wallet providers in the world with over 1
billion active users. CITCON provides both in-store, and mobile /
web / E-commerce payment solutions for thousands of merchants
including renowned brands such as Caesars Entertainment Group, DFS
Group, I-Shoppes, China Unicom, YamiBuy among others, covering a
wide variety of business sectors such as Retail, Hotel, Food &
Beverage, Transportation, Entertainment Education and E-commerce.
CITCON management team consists of payment and technology veterans
from VISA, PayPal, eBay, Uber, JD, Western Union. CITCON is backed
by top notch Silicon Valley venture capital firms and received
strategic investments from two public-traded multi-billion-dollar
technology companies in China. For more information, please visit
http://www.citcon.com
Contact:
Dragon Gate Investment Partners LLC
Tel: +1 (646) 801-2803
Email: ifmk@dgipl.com
Berns Communications Group
Stacy Berns
Tel: (212) 994-4660
Email: sberns@bcg-pr.com
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