Alipay is the Chinese e-wallet. The omnichannel payment method is used by over 900 million users annually. Worldwide, there are even 1.2 billion users annually. It was developed by China’s largest web-based platform Alibaba. Together with WeChatPay, Alipay is responsible for over three quarters of all online and mobile payments in China.
Is Alipay relevant for my webshop?
Adding Alipay as a payment method is of interest when your webshop is focused on the Chinese market or if you want to process payments from Chinese tourists. The payment method is extremely popular in the retail and tourist branch. The Van Gogh Museum in Amsterdam for example offers its Chinese customers the opportunity to pay with Alipay.
- Guaranteed payment
- No chargebacks
- High consumer confidence thanks to brand recognition
- High conversion rate
- Realtime transactions