Alipay

Alipay is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.

Source: en.wikipedia.org

Ant Group Profit Drops 92% Amid Economic Downturn, Regulatory Scrutiny
Ant Group Profit Drops 92% Amid Economic Downturn, Regulatory Scrutiny
February 07, 2024  |  Earnings

Ant Group reportedly saw a 92% decline in its quarterly profit. The FinTech company continues to face challenges in reviving its business amid an economic...

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Report: Ant Group Plans $200 Million Purchase of MultiSafepay
Report: Ant Group Plans $200 Million Purchase of MultiSafepay
January 07, 2024  |  Acquisitions

China’s Ant Group is reportedly preparing to purchase Dutch payments firm MultiSafepay. The deal, worth about $200 million, comes as Ant Group — which owns Alipay — is...

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Citcon and Alipay Partner to Offer International e-Wallet Payments
Citcon and Alipay Partner to Offer International e-Wallet Payments
December 07, 2023  |  Payment Methods

Payment service provider Citcon has launched a partnership with cross-border mobile payment platform Alipay+. The collaboration, announced in a news release Thursday (Dec. 7), is designed to allow...

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Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
Chinese Borrowers Barred From Mobile Payments Amid Record Defaults
December 03, 2023  |  Digital Payments

Millions of Chinese consumers have been barred from mobile payment apps amid record defaults. More than 8.5 million people, mostly between 18 and 59, have found...

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Alipay Debuts ‘International’ Version of Mobile Payment App
Alipay Debuts ‘International’ Version of Mobile Payment App
August 17, 2023  |  Mobile Wallets

Chinese payments platform Alipay has debuted an “International Version” of its app for overseas travelers to China. The new version, announced Thursday (Aug. 17), is...

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What If: Elon Musk’s X Becomes the Next Super App?
What If: Elon Musk’s X Becomes the Next Super App?
August 03, 2023  |  financial apps

Super apps like Alibaba’s Alipay and Tencent’s WeChat have become super successful in Asia. Their market dominance in turn has made Western entrepreneurs “super” interested...

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Alipay and WeChat Pay Add Links to Visa and Mastercard
Alipay and WeChat Pay Add Links to Visa and Mastercard
July 21, 2023  |  Payment Methods

Visitors to China can now link their Visa and Mastercard accounts to the country’s most popular mobile payment applications, Alipay and WeChat Pay. Ant Group, the operator of Alipay, said Friday (July...

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Ant Group Senior VP Peng Yang to Lead International Business Group
Ant Group Senior VP Peng Yang to Lead International Business Group
July 21, 2023  |  Personnel

Ant Group has appointed its senior vice president, Peng Yang, as president of the company’s International Business Group (IBG). Yang will report to Eric Jing,...

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Ant Group Expands Payments Partnership With Italy’s Tinaba
Ant Group Expands Payments Partnership With Italy’s Tinaba
July 03, 2023  |  Partnerships

Alipay and Tinaba have expanded their partnership to help Italian travelers make payments in Asia. Tinaba, a Milian-based payments company, announced in a press release the latest iteration...

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