Alipay is to challenge the likes of Apple Pay and Paypal on their home turf.

 

支付宝将要在美国本土向和Paypal发起挑战。

 

The firm, which is one of the dominant¹ forces in Chinese online payments, will shortly become a payment option in four million North American businesses.

 

Initially², this will be primarily of use to Chinese tourists in America.

 

However, as access to Alipay expands, it's expected that more and more Americans will start to use their services, too.

 

In April, the board of MoneyGram International had approved a merger³ bid with Ant Financial of Hangzhou, the owners of Alipay.

 

Under the terms of the deal, Ant Financial will offer $18 per share of MoneyGram, an increase on a January offer of $13.25 per share.

 

The offer is also significantly larger than the $15.20 per share offered by rival firm Euronet.

 

MoneyGram is a global provider of innovative⁴ money transfer services and is recognized worldwide as a financial connection to friends and family.

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