Alipay, the payments app operated by Alibaba affiliate Ant Financial, has struck a partnership with European soccer governing body UEFA, the two firms announced Friday.
The eight-year deal will see Alipay accepted at venues where UEFA-sanctioned men's national team events are taking place, including the Euro 2020 and Euro 2024 soccer championships.
Alipay is one of the biggest mobile payment services in China. Users link their bank account to the service and can then go into a shop, display the QR code in the app and have it scanned to complete a payment. It has over 700 million active users.
But, currently, it is only available to Chinese bank account holders. So the deal will be focused on Chinese tourists heading to UEFA soccer tournaments.
However, an Ant Financial spokesperson told CNBC that some of the company's partner wallets could be involved in this deal. Ant Financial has invested in payments apps across Asia, including Paytm in India and Kakao Pay in South Korea. The company has several wallet partners across South East Asia.
Those will eventually be involved in the UEFA deal, allowing users from those countries to use the services for payments. No timeline was given for when the partner wallets would come online as part of the UEFA deal.