Alipay

pmt_alipay

Alipay 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:
Initiation:
Users
654M
Markets
1
TPV
$2.0T
Transactions
42B

Estimated Monthly Usage, Aurato Research, October 2026

Historical trends

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

Standards