nexo standards unveils Alipay and Lyf Pay as members

Alipay and Lyf Pay have become Principal and Associate members of the nexo standards association, which focuses on fast, interoperable and borderless payments acceptance.

“The work of nexo standards is becoming increasingly important and relevant from a global perspective,” comments Jane Song, Senior Director, International Business Group at Alipay. “We work with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travellers and overseas customers who purchase products from Chinese e-commerce sites. As a Principal member, we hope to share our international insights and in-depth mobile expertise to contribute to the continued growth and success of the association.”

“Lyf Pay enables today’s retail stakeholders to strengthen their customer relationships with more seamless omnichannel shopping and payment experiences, combined with tailored merchant value-added services,” adds Christophe Dolique, CEO at Lyf Pay.

“Through our membership of nexo, we want to ease and simplify the integration of digital transformation projects for all retail and payment stakeholders to help reduce costs, invest in future-proof solutions and encourage cross-border partnerships. We’re committed to offering our expertise to support the functional and technical development of nexo’s messaging protocols and specifications, supporting the organisation’s mission to continue simplifying the acceptance and deployment of mobile payment services globally.”

“Our mission of enabling interoperability in global payment acceptance can only be achieved with engagement and dedication from key payment industry players such as Alipay and Lyf Pay,” comments Claude Brun, Chairmanm nexo standards. “As we continue to look forward and respond to the rapidly evolving needs of the innovative, fast-paced payments market, the extensive experience and specialist knowledge these key players bring to our association will be invaluable.”