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UCG Unicredit Spa

34.58
-0.49 (-1.40%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unicredit Spa BIT:UCG Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.49 -1.40% 34.58 34.51 34.82 35.25 34.54 35.095 8,234,527 17:00:00

UniCredit Bank Becomes First Bank in Hungary to Partner With Alipay

12/10/2018 3:46pm

Dow Jones News


Unicredit (BIT:UCG)
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From May 2019 to May 2024

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   By Cristina Roca 
 

UniCredit SpA (UCG.MI)'s UniCredit Bank said Friday that it has become the first bank in Hungary to sign an agreement with Alipay, a mobile-payment platform with more than 700 million active users operated by China's Ant Financial Services Group.

The agreement will allow UniCredit Bank's merchant clients to offer Chinese tourists the possibility of paying for goods and services via Alipay from 2019, the Italian lender said. The move is aimed at capitalizing on the fast-growing influx of Chinese visitors to Hungary, it said.

According to official data cited by UniCredit, the number of Chinese tourists to Hungary grew more by than 34% to 227,000 last year, with the average visitor spending $1.400 there.

Ant Financial is an affiliate of e-commerce giant Alibaba Group Holding Ltd. (BABA).

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

October 12, 2018 10:31 ET (14:31 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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