Alipay.com is a third-party online payment platform launched in China in 2004 by Alibaba Group (NYSE: BABA) and its founder Jack Ma. And control of just under half of China's online payment market. In the fiscal year ending in Mar 31, 2016, the group reached revenues of USD 146.7 billion and the annual active users increased to 423 million (mobile MAUs reached 410 million). The GMV transacted on China retail marketplace was USD 448.5 billion.
According to Alipay, it operates with more than 65 financial institutions including Visa and MasterCard to provide payment services for Taobao and Tmall as well as more than 460,000 Chinese businesses. Internationally, more than 300 merchants worldwide use Alipay to sell directly to consumers in China. It currently supports transactions in 200 foreign currencies.
Now Alipay has its footprint at offline market in Russia, Japan, Taiwan and India, more countries are being developed.
contact us
