Comment on Alipay Wallet Has Had 190M Annual Active Users, Processing over 50% of Alipay Daily Transactions by Alipay Wallet has 190M annual active users, processing over 50% of Alipay’s daily transactions | Kungpao.tv

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-10-16 00:00:00

Alipay Wallet ScreenshotsAlipay Wallet, the mobile app operated by Alibaba’s finance arm, announced today it has 190 million annual active (at least one payment or money transfer in a year) users. A little less than one year ago Alipay Wallet had 100 million users and was processing one third of Alipay’s transactions. At the end of 2012 2013, the Alipay mobile version was rebranded Alipay Wallet, an app not just for mobile payments but also for financial management and daily transactions. One year ago Alipay Wallet added a layer for third-party businesses, which is similar to WeChat’s public account platform. Xinxiwang Shuangfeng, a provider of dairy products, has integrated into Alipay Wallet and is now selling bottled milk on it.