Alipay Reports $150 Billion In Volume For 2013

By  |  March 11, 2014
 | 

Chinese online payment service Alipay has reported $150 billion in revenue for 2013, making it the world’s biggest payment service by-volume.

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    The company boasts over 100 million users. Over the course of 2013, customers made 2.78 billion transactions.

    The volume numbers are triple those of PayPal’s, which reported about $50 billion in revenue for 2013, MarketWatch reported on Feb. 10.

    In a recent commentary, Market Platform Dynamics CEO Karen Webster remarked that Alipay and its owner, Alibaba, were poised to make big gains in the region’s eCommerce market. Get her thoughts by clicking here.

    “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


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