106 :: Alipay.com
Launched in 2004, Alipay is China's leading third-party online payment solution, providing an easy, safe and secure way for millions of individuals and businesses to make and receive payments on the Internet. It had more than 650 million registered accounts by December 2011. On November 11, 2011, Alipay processed a total number of 33.69 million transactions, setting a record of the highest number of transactions facilitated via an online payment platform during a 24-hour period. The preferred online payment tool of Internet merchants in China, Alipay provides an escrow payment service that reduces transaction risk for online consumers. It partners with more than 100 financial institutions to facilitate payments in China and abroad. It provides payment solutions for 460,000 merchants. It also offers an online payment solution to help merchants worldwide sell directly to consumers in China and supports transactions in 12 major foreign currencies. Alipay is an affiliate of Alibaba Group.