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Ali Pay

Founded in 2004

CEO : Peng Yang

China Fintech

Alipay Financial Services , established by Alibaba Group in 2004 , is a major financial services and mobile payment platform offering a broad range of services beyond only mobile payments . Its mission statement is to make financial services more inclusive and accessible to individuals and small businesses worldwide .

“ A lot of people thought it was an impossible mission , because the Hong Kong population was very comfortable with spending using credit cards or Octopus cards , and it was going to be quite difficult for them to take up a digital wallet , as that was something entirely new . However , with “ nothing is impossible ” as my motivational motto , I never thought of giving up ”

70 fintechmagazine . com