Users
654MAlipay began in 2004 and grew into a Chinese digital-payment platform connecting hundreds of millions of users with merchants and financial services. QR purchases sit alongside everyday tools for transport, food and healthcare, with cross-border acceptance serving users abroad.
Use cases:
Channels:
Initiation:
Markets
1TPV
$2.0TTransactions
42BEstimated Monthly Usage, Aurato Research, October 2026
Capabilities
Initiation & Authentication
Funding & Requirements
Processing & Settlement
Transaction Management
Refunds & Disputes
Additional native capabilities
Markets
Estimated Monthly Usage, Aurato Research, October 2026
PSPs
Schemes
Compliance
Regulator
The People's Bank of China











