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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Wed Nov 24, 2010 11:35 am Post subject: Alibaba’s Alipay now bigger than PayPal |
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Alipay is now the biggest payment provider in the world, even bigger than PayPal. According to China Daily they now have more than 500 million registered users and process 7 million transactions a day, which equates to $302 million per day in payments processed. This compares to PayPal’s latest figures of 230 million accounts (of which some 90 million are active) and $22 billion processed in the third quarter of 2010.
Two years ago Alipay had 100 million registered users with 2 million transactions per day so are growing fast, however they are only just getting started and most of their transactions are still from Chinese buyers. Alipay aim to expand their international transaction volume, which is low, rapidly over the next year.
Alipay is a subsidiary of Alibaba, who have recently acquired Auctiva and Vendio. With their move to acquire businesses in the west whose customers operate on eBay and Amazon they have a ready source of new merchants to purchase from Alibaba and this can only increase overseas payments for Alipay.
more.. link to news article |
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www_dr-accutron_com
Joined: 17 Feb 2008
Posts: 506
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| Posted: Wed Nov 24, 2010 12:36 pm Post subject: |
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| WOW!!! Some competition for Paypal. What do you know!!! The Chinese are everywhere. They will own it all very soon. |
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Digmen1
Joined: 12 Feb 2010
Posts: 1007
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| Posted: Thu Nov 25, 2010 5:44 pm Post subject: |
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| I wonder if they do 21 day holds ? |
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elgato
Joined: 24 Feb 2005
Posts: 17240
Location: Texas
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| Posted: Fri Nov 26, 2010 3:40 am Post subject: |
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Digmen1 wrote (View Post): › docWrite("quote")I wonder if they do 21 day holds ?
:lol: Now THAT statement is funny! Thanks for the laugh Digmen1! |
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Baconsdozen
Joined: 06 May 2008
Posts: 771
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| Posted: Fri Nov 26, 2010 6:07 am Post subject: Re: Alibaba’s Alipay now bigger than PayPal |
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| With untold millions of e-mail accounts starting,,Wang@ or Wong@, the potential for mistakes must be immense. |
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