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Alipay Company Overview
Alipay is a Chinese-founded mobile and online payment platform launched in February 2004, now under Ant Group. It enables users to perform in-store QR and NFC payments, peer-to-peer transfers, bill payment, shopping on platforms like Taobao and Tmall, and access to wealth management, credit, insurance, and social credit scoring services. As of early 2024, it had approximately 660 million monthly active users in China and over 1.3 billion total global users, with more than 80 million merchant locations accepting the service. In 2023, Alipay processed around USD 18 trillion in transaction volume, and projected to exceed USD 20 trillion in 2025. Internationally, Alipay+ partnerships span over 66 markets, connecting around 1.6 billion accounts with over 90 million merchants, enabling global Chinese wallet acceptance in retail, travel, and hospitality sectors.