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Alipay
Alipay is a widely used digital wallet and mobile payment platform primarily in China.
Method
Alipay
LPM Market Share
53%
Payments
Yes
Refunds
Yes - full and partial refunds (automated)
Type
E-wallet
Local Card Scheme
Users
1.43B
Disbursements
No
No
Chargebacks
No
Authorization currency
CNY
Authorization
speed
speed
Instant
Recurring
No
No
Reasons for Popularity
Alipay is a “superapp” with features such as ridesharing, travel booking, bill pay, medical appointments, and more
Accepted by more than 80 million merchants and supported in 27 currencies, Alipay has a dominant presence both within China and internationally
Through the Alipay+ network, it supports payments across Asia, Europe, and other regions, making it popular for both local users and international travelers
