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News

Alipay holds 75 percent of Alibaba transactions

Tuesday 24 May 2016 08:32 CET | News

Alipay, a payment platform, holds 75% share of transactions on Alibabas marketplaces, making it the eighth-largest merchant acquirer in the world after 12 years in business.

Alibaba raised about USD 442 billion in fiscal year 2015-2016, according to The Nilson Report, businessinsider.com reports. The Nilson Report also estimates that Alipay processed USD 331.5 billion in online and mobile payments over that same time frame.

PayPal and Alipay have both enjoyed growth because they established themselves as primary payment options on popular online marketplaces eBay and Alibaba, respectively.


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Keywords: Alipay, Alibaba, PayPal, online payments, transactions , marketplace, merchant acquirer, mobile payments
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce

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