Alipay is a China-based smartphone wallet app. It recently surpassed PayPal as the most used online payment service in the world.

Key Features

What is Alipay?

Alipay is used on smartphones with the Alipay Wallet app. As of 2018, there are over 2 million transactions on Alipay every day among the app's 870 million users. For the vast majority of Chinese travelers, mobile payment apps such as Alipay and WeChat Pay represent the only means to spending directly from their China-based bank accounts, so the convenience factor is a huge consideration.

To say Alipay is a preferred way to pay for Chinese travelers and students is an understatement. The Chinese follow only Americans in yearly visitors to Canada, and in 2017 spent $1.6 Billion here. With the 12% year-over-year rise in Chinese tourism to Canada, that number could easily top $2 Billion in 2019.