Alipay is a third-party cell and on-line cost 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, though its mother or father firm Ant Monetary stays Hangzhou-based.
Alipay overtook PayPal because the world’s largest cell cost platform in 2013. As of March 31, 2018, the variety of Alipay customers reached 870 million. It’s the world’s primary cell cost service group and the second largest cost service group on the earth. Based on the statistics of the fourth quarter of 2018, Alipay has a 55.32% share of the third-party cost market in mainland China, and it continues to develop
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