Experience fast, easy and safe online payments
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
Alan Marquard of Mastercard, tells PYMNTS the pact with Alipay is poised to help transform remittances to China.
Mastercard continues to expand its cross-border payment solutions with a new connection to Alipay, China’s digital open platform under Ant Group.
Ant Group, the company behind Alipay, plans to set up independent boards for its international, database and digital technologies operations as it pushes forward the …