Hongfei Wang

Alipay

Alipay is the world's leading open digital daily life services platform operated by Ant Group. In 2004, Alipay launched as an escrow service to address the issue of trust between online buyers and sellers in the early days of e-commerce in China. As of June 30, 2019, Alipay has grown through continuous innovation to serve more than 1.2 billion users worldwide together with its global e-wallet partners. Working with more than 250 overseas financial institutions, Alipay has created online payment channels for buyers and sellers in more than 200 countries and regions. Alipay supports transactions in 27 different currencies, as well as tax reimbursement in 35 countries and regions. Foreign tourists and foreigners living in China can also use Alipay for mobile payments while in the country.