Alipay, China’s online payment service and a division of the Alibaba Group, has announced that the number of its registered users reached 33 million in December 2006.


Alipay, China’s online payment service and a division of the Alibaba Group, has announced that the number of its registered users reached 33 million in December 2006.

In December 2006, Alipay’s daily transaction volume reached $12.8 million. The number of daily transactions using Alipay reached 460,000, according to Alibaba.com.

Jonathan Lu, President, Alipay, said: “Alibaba’s e-commerce community is built on trust and it is also an essential part of our online payment platform. Alipay’s escrow based system has solved the problem of trust for Chinese e-commerce users and is the safest way to trade online in China”. [source]

Post Related Link

Albaba.com Press Release

About Alipay

Alibpay is China’s leading online payment service by both number of users and total transaction volume. It enables individuals and businesses to securely, easily and quickly send and receive payments online.

About Alibaba.com

Alibaba.com is a Chinese e-commerce company. Alibaba.com operates several e-commerce platforms that connect individuals and businesses from China, and around the world.

 

 

 

 

Sharing is caring