Alipay

Alipay.com is a third-party online payment platform. It was launched in China in 2004 by Alibaba Group and its founder Jack Ma. According to an analyst research report, Alipay had the biggest market share in China with 400 million users and control of just under half of China’s online payment market in October 2016.

China Allows Foreigners to Enter Its $27 Trillion Payments Market after Yi Gang Named New Head of PBoC
March 23rd, 2018

The PBoC also said that it will allow for a level playing field for the foreign players to compete with the local players in the highly saturated payments market of China.

Chinese Top Mobile Payment Service Alipay to Launch in the U.S.
May 11th, 2017

Ant Financial, the operator of Alipay, is expanding its mobile payments platform into the United States market, following limited trials in California and New York.