Alipay in a sentence

Called the Alipay Health Code, the system uses Alibaba's Alipay ecommerce platform to assign everyone a color code -- green, yellow or red -- to indicate whether each person is required to stay quarantined or is allowed to move freely in society.

Last month, food delivery giant Meituan Dianping stopped accepting Alipay as a payment option for some users and No. 2 Chinese online retailer JD.com Inc. has long scrapped Alipay in favor of its in-house system and WeChat.

The difference is that Alipay and WeChat Pay are directly pegged with the yuan - 1 yuan in an Alipay or WeChat Pay account equals 1 yuan of fiat money - while Libra is pegged with a basket of currencies.

Ant, the owner of Alipay, can leverage the popularity of the mobile payment service to gain more data and insight on user habits.

In China’s case, that has been UnionPay, Alipay and WeChat Pay, while in India, the United Payments Interface (UPI) payments rail has become paramount.

In late 2022, MPay partnered with Alipay+ (a global cross-border digital wallet and merchant network operated by Ant Group) and Taobao (Macau) to expand its e-commerce and digital services capabilities.

It wants to replicate the crossover success of Chinese online marketplace Alibaba, whose Alipay wallet is among the top players in the world's second largest economy.

The company's platform facilitates payment flows across multiple currencies, payment types, and payment options; and provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.

Ant Group's "super app" Alipay is used by more than 1 billion people.

Huabei, a credit function in Alipay, is no different from a credit card issued by a bank, Mr. Guo wrote.

Run from 24 August to 31 December, 2020, the campaign enables Chinese expats who live in Thailand and hold an Alipay account to enjoy exclusive deals offered by participating hotels when booking a domestic trip through Fliggy.

The comments are said to have irked top leaders of the Communist regime, who have expressed concerns about how banks have tied up with micro-lenders such as Alipay.

The lack of a dominant fintech player with the scale of China’s Alipay and WeChat Pay — which have reams of data on individual spending — is also a stumbling block in luring banks on board.

They are 30 times larger and, under every single category in China, WeChat and Alipay are so much bigger than anything we have in India today.

Visa, like its peers, has partnered with the country's two mobile-payment giants, Alipay and WeChat Pay, to enable foreigners holding Visa cards to fund payments on those networks.

China’s proposed new digital currency would bear some similarities to Facebook Inc’s (Facebook) Libra coin and would be able to be used across major payment platforms such as WeChat and Alipay, a senior central bank official said.

In fact, it looks like it is being conceived as a digital parallel counterpart whose circulation would rely on corporate conduits and apps like WeChat –which has more than one billion users – and/or Alipay.

On 55.com, traders can exchange yuan for cryptocurrencies such as Tether via Alipay or WeChat to acquire tokens.

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Ant Financial, formerly known as Alipay, ranks first with a valuation of $145 billion.