About
Alipay is a Chinese mobile wallet launched in 2004 and operated by Ant Group, in which Alibaba Group took a 33% equity stake in 2018. Users pay from a stored balance or linked bank cards, either by scanning a merchant's QR code, by showing their own payment code to be scanned, or through in-app and online checkout. Since June 2024, Alipay Tap! also lets users tap an unlocked phone against a merchant terminal or an Alipay Tap! tag instead of opening the app. In 2025, Ant Group reported 80 million merchant partners in China and 100 million Tap! users within 11 months of launch.
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News
Shopify adds seven local payment methods, Shop Pay checkout inside AI agents and free fraud tools
Shopify's Fall '26 Edition adds Alipay, WeChat Pay, GrabPay and four more methods, puts Shop Pay in AI agents and launches Shopify Protect at no extra cost.
Fiserv opens Commerce Hub worldwide, offering enterprise merchants one connection to local methods such as Pix
Fiserv has made Commerce Hub generally available worldwide, pitching one integration for local payment methods, acquiring and settlement across markets.
China's central bank lets Visa start preparing a domestic card clearing business
The PBOC approved Visa's application to prepare a domestic bankcard clearing operation, a first step toward processing China's local card payments.
