Alipay

paymentspos/mobile pos

FOUNDING YEAR: 2004
LOCATION:
Last Update: 04/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Alipay is a subsidiary of Ant Financial Services Group which provides payment service platform that provides account transfer, payment, repayment, small amount loans, money management, and other services. It allows users to make payments for offline purchases by showing QR codes on their smartphones for merchants to scan with special equipment.

Focus

PRODUCTS & SERVICES

Online and mobile payment platform for merchants and individuals in China. It helps users to close payments for purchases by simply showing QR codes on their smartphones.

REVENUE MODEL

Assumes the company follows transaction fee based revenue model.

EXISTING PARTNERSHIPS

Alipay has partnered with some Chinese banks including Bank of China

China Construction Bank

Agricultural Bank of China

and the Industrial and Commercial Bank of China. It also has a valuable partnership with Visa.

Traction

VALUATION / MARKET CAP:

$150 B in 2018

REVENUE

$10M+ in 2017

REVENUE COMMENT:

The company had a revenue of $7Billion in 2017

TRACTION COMMENT:

Alibaba aims to make Alipay available at 45,000 locations across Japan by year-end. It also has over 350 million registered users and processes more than 80 million transactions per day. Alipay currently collaborates with over 200 financial institutions and provides payment solutions for nearly 10 million small and micro businesses (2017).

Momentum

FUNDED

NO

LISTED

NO

BASICS

FOUNDING YEAR:

2004

LOCATION:

Views:

89 VISITORS | 151 VIEWS

About

Alipay is a subsidiary of Ant Financial Services Group which provides payment service platform that provides account transfer, payment, repayment, small amount loans, money management, and other services. It allows users to make payments for offline purchases by showing QR codes on their smartphones for merchants to scan with special equipment.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack