Launched in December 2004 and operating as an important participant in Alibaba Group’s ecosystem, Alipay (www.alipay.com) provides secure, trustworthy and convenient online and mobile payment services.
Alipay currently collaborates with over 200 financial institutions and provides payment solutions for nearly 10 million small and micro businesses. As of December 2013, Alipay reached 300 million real-name registered users. According to iResearch, Alipay is the largest third-party online payment service provider in China by total payment volume.
Alipay is a business within Ant Financial Services Group and provides payment services for Alibaba Group’s marketplaces through contractual arrangements.