trending Market Intelligence /marketintelligence/en/news-insights/trending/pyqzju5bswmtuxmrr0vcxa2 content esgSubNav
In This List

UniCredit Bank Hungary inks partnership agreement with Alipay


Street Talk | Episode 108 - Weighing Fed rate hikes against banks' liquidity crunch


Snapshot: The Ripple Effects of 2023 Bank Failures


Master of Risk | Episode 1: Discussion with Natalia Hunik, CRO, Cubelogic

Case Study

A Private Equity Firm Leverages Technology to Optimize Data Management and Analysis

UniCredit Bank Hungary inks partnership agreement with Alipay

UniCredit Bank Hungary Zrt. signed an agreement with Alipay Europe to offer cashless payment solutions to Chinese tourists in Hungary.

The partnership between the units of UniCredit SpA and Alibaba Group Holding Ltd. will allow Chinese visitors to use their homeland app to make purchases in Hungary. UniCredit's head for Central and Eastern European countries, Carlo Vivaldi, said the deal is the first step in extending the service in other countries in the region.

The companies also noted that Hungary has the largest population of Chinese citizens, about 20,000, in the Central European region.

Alipay, the payment arm of Alibaba, is one of the dominant players alongside Tencent Holdings Ltd.'s Tenpay in China's third-party payment market.