Over 30 e-commerce merchants have joined the pioneer batch for the alliance. The alliance is aimed at opening up security technology to assist online merchants to fight Trojans and prevent any hacks or leaks of data.
At the beginning of 2011, 450,000 new phishing websites which obtain and store users private information by disguising themselves as normal websites have appeared in China, according to a report by safety services provider Kingsoft. By the end of 2011, the number of such websites has almost doubled. According to Chinese website Donews, Alipay’s (unofficial) alliance caught and destroyed over 133,000 phishing websites in H1 2012. This figure accounted for 39 percent of the entire phishing community.
Alipay has also revealed plans to introduce a new payment security standard, which will work against Trojan viruses, phishing website links, potential hacking or leaking of users’ data and intervention of payment credit.
Alipay has over 650 million registered users, including individuals and corporates. In recent news, Alipay and Yek Mobile, a Chinese mobile retail service provider, have teamed up to jointly promote e-commerce and mobile payments.
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