Ant Financial Services Group, formerly known as Alipay, is an affiliate company of the Chinese Alibaba Group. It operates the Alipay payment platform. It also runs the Zhima Credit credit rating system.
Alipay is an online payment services provider. Founded by the Alibaba group, it allows individuals and businesses to execute payments online in a secure manner. Alipay’s users are primarily buyers and sellers engaging in e-commerce transactions. With a registered user base of approximately 43.5 million as of June 2007, Alipay is an accepted online payment method for many online retail websites and service providers in China.
Based on its huge customer based, has developed a complete online wallet which offers many services associated with payments while partnering with taxi-hailing services, cinema-theater booking services and so on.