Alipay Payments

Description

Launched in December 2004 as an escrow service for online purchase on Alibaba's marketplace, Alipay provides secure, trustworthy and convenient online and mobile payment services. As of December 2016, Alipay reached 450 million users. Alipay is expanding to in-store payments both inside and outside China. According to iResearch, Alipay is the largest third-party online payment service provider in China by total payment volume. Alipay currently collaborates with over 200 financial institutions