Recently, Tinaba, an Italian financial technology platform, announced that it will officially open the Euro digital payment business in Chinese Mainland through deepening strategic cooperation with Alipay+, a global cross-border payment solution under Ant International. This marks Italy becoming the first European country to directly use local bank Euro accounts for digital scanning payments in China. At the launch ceremony, Vice Speaker of the Italian House of Representatives, Giorgio Mulei, delivered a video speech, and Jimid Gigant, Head of the European Fintech Center at Bocconi Business School in Milan, attended and delivered speeches. From now on, Italian tourists do not need to download local applications in China or open a local bank account. Just open the Tinaba App, and through the built-in Alipay+function, more than 80 million businesses in Chinese Mainland can "pass with one code" like locals. It is reported that this service will convert euros into Chinese yuan for settlement at a transparent and real-time exchange rate during payment, covering almost all scenarios such as catering, hotels, transportation, and scenic spots. In terms of data security, the system strictly adheres to the European General Data Protection Regulation. Matteo Alpe, Chairman of Tinaba and CEO of its parent company, Profilo Bank, said: "China is the most advanced 'laboratory' for digital payments in the world. As the first financial institution in Europe to implement this service, this is not only a strategic leap in Tinaba's internationalization process, but also demonstrates Italy's pioneering position in the field of financial innovation. ”Pietro Candela, General Manager of Alipay+EMEA, pointed out that thanks to China's visa facilitation policies towards Italy, the number of Italian tourists visiting China has grown rapidly. This cooperation aims to eliminate payment barriers, allowing Italian tourists to enjoy the convenience of China's cashless society while enhancing the warmth of people to people exchanges between the two countries. Data shows that by 2025, Tinaba's cross-border transaction volume generated through Alipay+will increase by 133% year-on-year. In response to the upcoming tourism boom, Tinaba also plans to launch an AI travel assistant called "Voyager" in the coming months, providing one-stop intelligent services from itinerary planning to booking hotels and tickets. Industry insiders believe that with the opening of the 2026 Milan Cortina d'Ampezzo Winter Olympics, the linkage between China and Italy in the fields of sports, tourism, and fintech is becoming increasingly close. The technological empowerment of Chinese technology enterprises not only enhances the service capabilities of European financial institutions, but also adds digital momentum to deepen the comprehensive strategic partnership between Italy and China. (New Society)
Edit:Yi Yi Responsible editor:Li Nian
Source:www.people.cn
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