Fast Facts — a 60 seconds read about Alipay

Ant Financial
· 3 min read

Time is precious. For readers not that familiar with Alipay, we’ve prepared a handy list of useful facts. It’ll just take a minute.

WORLD’S MOST POPULAR NON-SOCIAL MEDIA APP

Alipay is the world’s most-used app outside of those used for social networking

According to App Annie’s The State of Mobile 2019 report, Alipay was the No. 1-ranked application worldwide by monthly active users in 2018, after social networking apps such as Facebook, WhatsApp, and Instagram. Since launching in 2004, Alipay has evolved from a digital wallet into a lifestyle enabler, providing access to over 100 kinds of services from hailing cabs, paying utility bills, to medical appointments.

OVER 1.2 BILLION USERS WORLDWIDE

Alipay currently serves over 1.2 billion users globally together with its local e-wallet partners

Our e-wallet partners include Paytm in India, TrueMoney in Thailand, GCash in the Philippines, Kakaopay in South Korea, DANA in Indonesia, AlipayHK in Hong Kong, Touch n’ Go Digital in Malaysia, Easypaisa in Pakistan and bKash in Bangladesh.

PLANTING 100 MILLION REAL TREES

Helping users engage in activities with positive impact on society and the environment

Alipay Ant Forest, which is accessed through the app, attracted 500 million users to take part in low-carbon activities such as cycling and paying bills online in return for points, resulting in over 100 million real trees planted in China’s arid regions. On the Alipay Love Donation Platform, over 1.2 billion individual donations have been made, helping over 1,400 NGOs and philanthropic organizations raise proceeds for charitable causes.

CONNECTING MERCHANTS AROUND THE WORLD

Alipay helps merchants in 54 countries or regions connect with Chinese customers offline

Bricks-and-mortar merchants such as restaurants, hotels, and convenience stores use Alipay to provide tourists from China with payment and lifestyle experiences that they are familiar with from home. According to Nielsen, nearly 60% of overseas merchants that adopted Alipay reported growth in both foot traffic and revenue.

SERVING TENS OF MILLIONS OF SMALL BUSINESSES

These small and micro businesses in China use Alipay’s QR code to receive payments

In addition to payment services, Alipay’s parent company Ant Financial also provides a full range of inclusive services including micro loans and insurance to small and micro businesses in China, allowing these entrepreneurs to have their own virtual “CFO”.

ENABLING HUNDREDS OF FINANCIAL PARTNERS

Alipay’s technology is being used to enable over 200 Chinese financial institutions

Technology products and services developed for Alipay has been used to improve efficiency and lower operational costs at more than 200 financial institutions in China. As of September 2018, these include 100+ banks, 60+ insurance companies, and 40+ asset management firms and security brokers.

That was quick, wasn’t it? Thanks for reading:)

For more news and information about Ant Financial and Alipay, check out our official website or follow us on Facebook, Twitter, LinkedIn and Instagram.

Alipay and the World

A magazine about the world’s leading digital lifestyle and payments platform Alipay and how it’s working with partners around the world to revolutionise finance for over 1 billion users

Ant Financial

Written by

Ant Financial is a tech company dedicated to bringing inclusive financial services to the world, through Alipay and its global partners. Visit us: antfin.com

Alipay and the World

A magazine about the world’s leading digital lifestyle and payments platform Alipay and how it’s working with partners around the world to revolutionise finance for over 1 billion users

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade