China's answer to PayPal is coming to the rest of Asia

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China's answer to PayPal is coming to the rest of Asia

China's answer to PayPal is coming to the rest of Asia

China's biggest mobile payments platform is spreading to the rest of Asia.

Alipay, from ecommerce giant Alibaba, has a whopping 450 million users in China, who use their phones to pay friends, buy stuff online, and even offline at restaurants and merchants.

On Wednesday, Ant Financial, which runs Alipay, an**unced its merger with HelloPay.

SEE ALSO: Ecommerce in China: How the World's Biggest Market Buys Online


HelloPay is the three-year-old payment platform created by ecommerce site, Lazada, which has been dubbed the "Amazon of Southeast Asia."

Last year, Alibaba bought a controlling stake in Lazada, in a deal worth approximately $1 billion. Read more...

More about Mobile Payment, E Commerce, China, Hellopay, and Alibaba

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