3nd to 21st Floors Guangsha Huanglong Times Center | Hangzhou, Zhejiang, 310099
Founded in 2004, Alipay is an affiliate of the Alibaba Group. In May 2011, Alipay acquired the license for third-party payment services issued by the People’s Bank of China that allows it to run businesses including online payment, mobile phone payment, prepaid card issuance and processing (top-up of real-name payment accounts only) and acquiring services. Alipay launched credit card payment services in 2010, which ushered in the convenient payment era. In 2011, Alipay was among the first batch of companies to obtain third-party payment licenses.