Alipay's worldwide users exceed 1 billion

[艹艹艹]

Alipay's worldwide users exceed 1 billion

CGTN

2019-01-10 08:04 GMT+8

Worldwide users of Alipay, China's leading online payment platform, exceed 1 billion, according to data released by Alipay on Wednesday.

Alipay's Ant Financial Services Group said it has cooperated with nearly ten major overseas smart payment companies including India's Paytm and Thailand's TrueMoney, which has contributed to the growing number of Alipay users.

According to Alibaba's latest quarterly financial report, Alipay's Chinese users have surpassed 700 million and 70 percent of Chinese users have used three or more financial services provided by Ant Financial.

The increasing number indicates that more Alipay users around the world are benefiting from the convenient and fast mobile payment, according to Ant Financial.

Alipay initiated its global services campaign in 2007. Users in nine countries and regions now have access to its mobile payment system, and 80 airports in over 40 countries and regions allow instant tax refunds via Alipay.

 

[艹艹艹]

Growth rate is amazing, it's two months ago, the global users is 900 million

 

[TaiShang]

Growth rate is amazing, it's two months ago, the global users is 900 million

Weixin and Alipay are unstoppable. They make life quite hard for any foreign banking enterprise to come in and have a presence in China's personal banking market.

After home industries are so powerful, there is no harm in opening up. This means they come in, spend money, and compete.