Spain is a world-class tourism destination that welcomes tens of millions of visitors each year, and a significant share of payments comes from foreign visitors. Local consumers pay by card and Bizum, but Chinese visitors want to keep using the Alipay they use at home. Through the Alipay+ partner network, Alipay also covers users of major Asian partner wallets, so it should be reviewed on the premise that it is a cross-border method rather than one aimed at local Spanish consumers.

Duty-free, fashion, and luxury commerce, online stores with a meaningful share of customers from the greater China region, and businesses selling Spanish travel products and activities can create a real difference in payment completion rates simply by offering a payment experience that yuan users are already familiar with. Conversely, if your customers are mostly local Spanish consumers, a combination of card, Bizum, and PayPal should take priority.

When a customer scans a QR code in the Alipay app or selects Alipay at online checkout and approves the payment via in-app authentication, the merchant's revenue is recorded in euros (EUR) regardless of the customer's yuan-denominated payment. Hecto Financial collects this payment in euros, converts it, and settles it with the Korean merchant.

Integrating through Hecto Financial lets a Korean corporation consider Alipay cross-border acceptance without a local Spanish contract or a separate entity in China. Actual eligibility and terms (settlement cycle, fees, currency options) vary by industry and transaction volume, so confirmation with the sales team is required before signing a contract.

• Business registration country

  Confirm contract eligibility based on domestic business registration

• Sales channels

  The integration approach and priority differ depending on your online sales channel mix, such as your own site, open marketplaces, and mobile apps

• Product categories

  Check in advance whether your category falls under restricted industries per Alipay's merchant policy

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

Alipay transaction proceeds arise in euros (EUR) based on the Spanish merchant account, and Hecto Financial collects them in euros before converting and paying out to the Korean merchant in whichever currency — USD, KRW, or JPY — was set in the contract. Refunds are processed as cancellations of the original Alipay transaction, and the 14-day right of withdrawal that applies to distance sales within the EU should also be reflected in your operating policy.

• Banco de EspañaOfficial information on Spain's payment system and related regulations. Where this page differs from actual regulations, the official source takes precedence.