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

Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
July 03, 2024  |  Travel Payments

Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant...

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China Negotiating With Visa, Mastercard to Reduce Transaction Fees
China Negotiating With Visa, Mastercard to Reduce Transaction Fees
June 21, 2024  |  Credit Cards

China is reportedly negotiating with Visa, Mastercard and other global card issuers, seeking to reduce the fees they charge local merchants on foreign card transactions....

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Alipay+ Looks to Expand as eWallet Use Grows
Alipay+ Looks to Expand as eWallet Use Grows
May 06, 2024  |  Mobile Wallets

China’s Ant Group is reportedly looking to expand use of its payments product Alipay+. “What we found is that people want to use their home e-wallets when they travel...

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Digital Wallets Provide Local Touch to Connected Travel Experiences
Digital Wallets Provide Local Touch to Connected Travel Experiences
April 29, 2024  |  Mobile Wallets

Alipay+ unveiled a cross-border payments initiative in a move to boost Hong Kong’s tourism and commerce sector. The platform facilitates transactions for users of 14 overseas mobile wallets and bank apps from...

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Alipay Launches ‘Consumer Friendly Zones’ in China
Alipay Launches ‘Consumer Friendly Zones’ in China
April 08, 2024  |  Retail

Alipay has launched a series of “International Consumer Friendly Zones” in China. The company’s owner, owned by China’s Ant Group, announced Monday (April 8) it...

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Capital A to Integrate Ant International’s Payment Orchestration Services
Capital A to Integrate Ant International’s Payment Orchestration Services
March 29, 2024  |  Payment Methods

Ant International and AirAsia owner Capital A Berhad are exploring ways to integrate more local payments methods and payment orchestration services into Capital A’s platform....

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Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments
Mastercard’s Partnership With Alipay Connects Digital Wallets to Cross-Border Payments
March 25, 2024  |  Cross-border Payments

Alan Marquard, head of transfer solutions at Mastercard, told PYMNTS that remittances are ripe for continued transformation — to digital channels, and to digital wallets,...

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Mastercard Expands Cross-Border Offering With Alipay Partnership
Mastercard Expands Cross-Border Offering With Alipay Partnership
March 19, 2024  |  Partnerships

Mastercard is expanding its cross-border payment solutions by connecting to China’s Alipay. The collaboration lets Mastercard’s bank, FinTech and corporate clients offer customers a connection to an...

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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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