Checkout.com’s collaboration with Alipay expands its offering of online payment solutions within its unified platform.
With 300 million active users, Alipay reaches almost half of the lucrative and fast growing Chinese e-commerce market. Last year, there was a 150% increase year over year in cross-border online spending and Alipay estimates that the Chinese e-commerce market could be worth US $650 Billion by 2020.