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Alipay is a third-party online and mobile payment platform that belongs to the Alibaba group. It is supported by Alibaba, Taobao, AliExpress, Tmall and an increasing number of independent online and offline stores.
Alipay started life in 2004 as an online escrow service, which allowed buyers and sellers to trade with confidence in a trustless e-commerce environment. Today Alipay provides domestic and cross-border payment services through partnerships with more than 200 financial institutions, including the leading national and regional banks in China as well as the major international card schemes.
In 2011, Alipay developed a QR-code payment system where customers can either generate their own unique QR code on their mobile phone, or scan the merchant’s QR code in physical stores to pay. Various other bill payment, mobile top-up and P2P payment options are also available. The system draws funds from the customer’s bank, card or prepaid Alipay account.
As the most popular online wallet in China, Alipay hold over 55% of the mainland Chinese wallet market share ( iResearch Consulting Group) and count over 1.3 bn active users as of March 2020 (Alipay). According to Alipay, as of June 2020, the company had processed USD 17 tr worth of transactions in mainland China over the course of a year.
Mainland Chinese consumers increasingly buy from global brands, especially in the luxury, retail and international travel segments
Globalise your platform seamlessly
Our infrastructure lets you integrate multiple payment methods onto your platform, from Alipay to Sofort. So you won’t have to spend time and money establishing connections with each and every payment method provider.
Get to market faster
We’ll work with you to launch your payment methods in weeks. And we’ll provide your sales teams with white label marketing material to make it easier for them to sell your new payment methods to potential merchants.
Reduce payment failures
There are virtually no gaps between the provider’s technology and our own. So we can monitor transactions closely and fix issues quickly. That means lower lag times and fewer failed transactions for you.
Unlock higher conversion rates
Our high-quality integrations will boost your checkout conversions and authorisation rates. What’s more, our payments experts and data analysts will work with you to continuously optimise your checkout performance.
Getting started with us
Click ‘get started’…
…and fill in a short form. One of our payment experts will then get in touch to find out more about your business.
you set up
…in our test environment, so you can get to know our infrastructure.
Complete your account creation
…by signing a single contract and passing our KYC (know your customer) and AML (anti- money laundering) checks.
…onto our platform. You’ll then be able to activate your merchants using our easy- to-use portal or via an API.
…across borders and locally with your PPRO-powered payment methods.