Alipay
Third-party payment platform
This entry is a polysemous word, ****2 items
Alipay (China) Network Technology Co. 2][2]. Since its establishment in 2004, Alipay has always taken "trust" as the core of its products and services. It has two independent brands, "Alipay" and "Alipay Wallet". Since the second quarter of 2014, Alipay has become the largest mobile payment vendor in the world.
Alipay has established strategic partnerships with more than 180 domestic and international banks, as well as VISA, MasterCard and other international organizations, and has become the most trusted partner of financial institutions in the field of electronic payments.
In February 2020, Nepal's central bank issued a license to Alipay. [3]
July 2020, Alipay and Aiou Technology were selected to be on the list of excellent solutions in the blockchain war "epidemic". [4]
Chinese name
Alipay
Foreign name
Alipay
Type
Third-party payment platform
Payment method
Electronic payment, mobile payment
Establishment time
December 8, 2004
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Developmental History
October 18, 2003, Taobao.com first launched Alipay service.
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Alipay, know the trust
In 2004, Alipay was spun off from Taobao as an independent, gradually providing payment services to more partners and developing into China's largest third-party payment platform.
On December 8, 2004, Zhejiang Alipay Network Technology Co.
On February 2, 2005, Alipay launched the "full compensation" payment, putting forward the promise of "if you dare to use it, I dare to pay for it".
On February 27, 2008, Alipay released its m-commerce strategy and launched its mobile payment business.
On October 25, 2008, Alipay's public **** utility bill payment was officially launched, supporting water, electricity, coal, communications and other payments.
On December 23, 2010, Alipay cooperated with Bank of China to launch credit card fast payment for the first time.
On May 26, 2011, Alipay received its first domestic Payment Business License (also known as a "payment license" in the industry) from the Central Bank.
In June 2013, Alipay launched a value-added service for account balances called "Balance Bao", through which users can not only get higher returns, but also pay for consumption and transfer money at any time without any handling fees.
On November 13, 2013, Alipay's mobile payment users exceeded 100 million, and the number of Alipay Wallet users reached 100 million, Alipay Wallet was officially announced as an independent brand.
On November 30, 2013, the 12306 website supported Alipay to purchase train tickets.
On December 31, 2013, Alipay's real-name authentication users exceeded 300 million.
In 2013, Alipay completed more than 2.78 billion mobile payments, amounting to more than 900 billion yuan, becoming the world's largest mobile payment company.
Data from Avery Consulting shows that since the first quarter of 2013, Alipay has gradually increased its market share in mobile Internet payments from 67.6 percent to 78.4 percent, ranking first.
At the end of 2013, Alipay had more than 300 million users with real-name authentication, and in 2013, the number of Alipay transactions in a single day peaked at 188 million. Among them, the peak number of mobile payment single-day transactions reached 45.18 million, and the peak value of mobile payment single-day transactions reached RMB 11.3 billion.
On February 28, 2014, the number of balance treasure users exceeded 81 million.
On March 20, 2014, Alipay's daily mobile payment transactions exceeded 25 million.
In 2015, Alipay wallet version 8.5, in the wallet "explore" secondary page, there is a "my friends" tab, after entering the transfer interface, you can and the other party to send text, voice, pictures and other information directly. [7]
On May 27, 2015, Alipay experienced a malfunction. Response: fiber optics were tapped in Hangzhou[8].
July 8, 2015, Alipay released its latest version 9.0, adding two new first-level entrances, "merchants" and "friends", replacing "service window" and "explore" respectively. "Merchant" and "Friends" were added to replace "Service Window" and "Explore" respectively, thus cutting into the field of offline life services and socialization. In addition, a series of functions such as family accounts, debit notes and group accounts have been added.
September 25, 2015 onwards, Alipay and McDonald's to carry out big data cooperation, the whole Shanghai area of McDonald's will be able to use Alipay payment, and will be further extended to the national stores. [9]
On January 12, 2016, Ant Gold Service released the 2015 Alipay annual bill to the public. The bill shows that the Internet economy continued to grow at a high rate in 2015. the number of mobile payment transactions accounted for as much as 65% of the overall ratio in 2015, while the figure was 49.3% in 2014. [10]
On May 20, 2016, Samsung's mobile payment service, Samsung Pay, and Alipay officially announced a partnership that allows users to quickly bring up Alipay's payment interface on Samsung phones by sliding up the screen. [11]
May 31, 2016, Alipay and the Shenzhen Bureau of Human Resources and Social Security cooperation on-line health insurance mobile payment platform, began to land in Shenzhen 6 hospitals for trial operation [12].
In August 2016, Alipay and WeChat were awarded the first payment licenses in Hong Kong together, with the intention of competing for new markets[13].
September 2016, it was announced that Alipay, since October 12, 2016, will charge a 0.1% service fee for withdrawals exceeding the free amount for individual users, with a cumulative 20,000 yuan base free withdrawal amount per person for individual users.
November 1, 2016 Alipay stationed in the Apple App Store, mainland Chinese users have been able to see the addition of Alipay in the App Store's payment methods and recharge two places, can be used to buy apps, recharge the account, or pay for subscription services such as Apple Music. [14]
November 27, 2016 afternoon, following the "high-end singles dating circle", Alipay has launched a small-scale "white-collar diary" and "campus diary ". The function is still in the gray-scale testing stage.
November 29, 2016, for the recent Alipay "campus diary" and other circles triggered by the controversy, Alipay's parent company ant gold service's chairman of the board of directors Peng Lei today issued an internal letter to be apologized for and posted on the intranet: their own do wrong, never blame others! [15]
December 6, Alipay announced that it has signed a cooperation agreement with four European financial services institutions, committed to providing services to Chinese consumers traveling overseas. The move is expected to expand the number of Alipay's partner retail stores abroad by nearly nine times. [16]
On December 23, 2016, Alipay launched Alipay version 10.0, which brought the Alipay AR Live Alipay Red Packet gameplay. [17]
January 3, 2017, Alipay on-line public welfare account, each ordinary user's public welfare footprint and love "assets" can be recorded and queried. [18]
January 5, 2017, Alipay launched the 2016 personal annual bill. [19]
On May 24, 2017, Alipay announced the launch of the Hong Kong version of its e-wallet, Alipay HK, officially providing cashless services to Hong Kong residents. After the launch of the Hong Kong version of Alipay, all Hong Kong residents will be able to use Alipay to make payments directly in Hong Kong dollars by binding a credit card from a local bank in Hong Kong or recharging their balance.
This is the first time Alipay has released a version of its app outside the mainland. Alipay first began serving the Hong Kong market in 2007, and in August last year, the Hong Kong Monetary Authority issued a third-party payment license, making Alipay Hong Kong one of the first payment licensees to provide digital financial services to local users. After half a year of preparation, the Hong Kong version of Alipay is finally online.
Functionally, the Hong Kong version of Alipay provides three major services: code scanning payment, merchant offers and stamp collection. The experience of using Alipay is exactly the same as that of the mainland, as long as you open the payment code and let the merchant sweep it to complete the payment.
The Hong Kong version of Alipay will gradually open the charging of telephone bills, utilities, electricity, water and coal payments, money transfers, taxi, insurance and other functions, so that the Hong Kong people's "cashless" life and the mainland in line. [20]
In June 2017, Monaco signed a strategic cooperation agreement (MOU) with Alipay, and merchants will have access to Alipay. This is the first time Anthem has signed a strategic cooperation agreement with a sovereign government, becoming the 12th European country to access Alipay. [21]
On October 10, 2017, Alipay announced the launch of a credit rental platform, taking the lead in promoting credit rental in eight cities - Shanghai, Beijing, Shenzhen, Hangzhou, Nanjing, Chengdu, Xi'an, and Zhengzhou - and more than 1 million apartments will be officially stationed on Alipay. Sesame credit score of more than 650 points through the Alipay APP rent apartment, you can deposit-free, rent can be paid monthly. [22]
On October 30, 2017, the first batch of Alipay-connected cabs with the slogan "Alipay in Hong Kong, too" started operating from the Hong Kong Stadium. [23]
On January 15, 2018, some high-speed toll stations in Zhengzhou, Henan Province, went online with the Alipay-ICT Credit Payment (License Plate Payment) function, which allows car owners to bind their license plates to Alipay and deduct money directly from Alipay when passing through ETC toll stations. [24]
On January 25, 2018, Alipay announced its entry into Israel, officially bringing its mobile payment service to the Middle East to provide convenience for Chinese tourists. [25]
On January 26, 2018, Alipay and its Swiss partner SIX Payment Services jointly announced that the Swiss town of Davos has full access to Alipay. [26]
On March 14, 2018, the State Administration for Industry and Commerce (SAIC) announced that the second phase of the national 12315 Internet platform was officially launched. In this upgrade, 12315's official small program for the first time "landing" Alipay, consumers can 24 hours to report complaints, and is expected to complete the dispute resolution online [27].
April 1, 2018 onwards, Alipay static barcode payment, the daily limit of 500 yuan. [28]
April 17, 2018, by the Ministry of Public Security, the first institute of trusted identity authentication platform (CTID) certification of the "resident identity card online functional credentials" debut Alipay, and officially in Quzhou, Hangzhou, Fuzhou, three cities in a number of scenes at the same time pilot. [29]
On May 11, 2018, Netflix and Alipay released an announcement that the two sides signed a cooperation agreement to formally carry out business cooperation in barcode payment. Alipay said that Netflix, as an important partner of Alipay's barcode acquiring business, has completed system docking, joint testing and production verification, and all preparations are in place. From now on, for the acquiring organization to provide testing and access services. [30]
August 2018, Alipay quietly grouping function, this function is "limited time grouping", will be divided into time periods to recommend different grouping goods to the user. [31]
August 21, Alipay released a comprehensive upgrade of the delayed arrival function, the fraudulent funds are expected to be recovered. [32] August 29, Alipay (China) Information Technology Co., Ltd. legal person change, by Ma Yun changed to Ye Yuqing [33]. September 12, in the ant open day small program special, Alipay announced the end of the public testing of small programs and officially on-line and set up a small program business unit. [34] On October 13, at the World Bank Annual Meeting in Bali, Indonesia, World Bank member International Finance Corporation (IFC) and Alipay jointly announced: the launch of the 10x1000 Technology Inclusion Program, which plans to train 1,000 tech leaders for emerging market countries every year for the next 10 years. [35] On November 19, National Australia Bank (NAB) announced that it would partner with Chinese e-payment platform Alipay to enable Alipay payment collection and payment services on POS machines provided to its customers in early 2019.NAB is the first of the four major banks in Australia to launch this service [36]. Alipay became operational in Pakistan in late 2018. [37]
In January 2019, the Mobile Government Services Report (2018) - Reconfiguration and Wisdom was released, showing that 442 cities (including county-level cities and counties under provincial jurisdiction) across the country had moved their government services onto the Alipay platform. [38] On January 10, Lujiazui signed the Pre-sale Contract of the office building with Alipay, and transferred the office building to Alipay in accordance with the Cooperation Agreement with Zhejiang Ant Small and Micro Financial Services Group Co. and Alipay, and other relevant legal documents, for a tentative total transfer price of RMB2.262 billion. [39] On January 14, Ant Gold Service announced that Alipay actively implemented the People's Bank of China's requirements on centralized depository of payment institutions' customer provision funds and disconnection, and by January 14, 2019, it had completed disconnection, centralized depository of provision funds, and cancellation of provision fund accounts. [40] On February 2, Alipay became one of the first companies to receive national certification. Alipay's system for user personal information security and privacy protection has met the strictest national standards. [41] On February 21, Alipay issued a public announcement stating that since March 26, service fees will be charged for credit card repayments through Alipay. [42] As of April 2019, Alipay's "Risk Brain" has cooperated with the financial offices of 11 provinces and municipalities, including Hebei, Beijing, Tianjin, Chongqing, Wenzhou, Guangzhou, Guiyang, Xi'an, Xiamen, Hefei, Wenzhou, etc., and has become a "clairvoyant eye" for them to discover and warn high-risk enterprises. "[43].In May 2019, Alipay launched the "hair chant" function, hair chant is Alipay for merchants to provide free hair money tool, through the hair chant Alipay merchants can be 0 cost to employees, flexible workers pay, benefits, commissions, reimbursements, etc.[44].On May 8, the May 8, Alipay online "senior version of mutual treasure" [45]. June, Alipay and its local wallet partners have served more than 1.2 billion global users. In January of this year, Alipay announced that it had more than 1 billion users worldwide, with a 20% growth in the number of global users in six months.[46] In October, Alipay announced that it had more than 1 billion users worldwide. [46] On October 10, Alipay stated that it does not support virtual currency transactions. [47] On November 5, Alipay released its international version.