Alipay
A leading mobile payment platform owned by Ant Group, offering comprehensive financial services beyond basic transactions.
What is Alipay?
Alipay, established in 2004 as part of Alibaba’s ecosystem, processes over $20.1 trillion in transactions in 2025, capturing 53% of China’s mobile payment market through features like QR code payments, bill splitting, and investment tools. It supports over 1 billion users globally, with strong adoption in e-commerce via platforms like Taobao and Tmall, and extends to offline retail with contactless payments.
In digital asset contexts, Alipay integrates with e-CNY for CBDC transactions, enabling seamless use of digital yuan in daily payments, and has piloted blockchain-based features for supply chain finance. By 2025, its POS adoption in China stands at around 80%, down slightly from 2020 peaks due to regulatory shifts, but it remains pivotal in cross-border payments, accepted in over 80 countries.
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