TransFi is excited to support users and Web3 enthusiasts to buy crypto using Alipay (Payments Service) in the People’s Republic of China!
Alipay is a digital payment platform developed by Ant Group, a subsidiary of Alibaba Group. It was launched in 2004 and has since become the world's leading digital payment platform after overtaking PayPal as the world's largest mobile digital payment platform in 2013. Alipay today serves over 1.3 billion users globally. Alipay allows users to make payments for a wide range of goods and services, including online and offline purchases, money transfers, and utility bill payments.
Alipay has been described to be China’s super-app with a wide range of functionalities alongside WeChat. Alipay offers several features specifically tailored to the needs of Chinese users including quick and seamless transactions across public transportation, government services, major online retailers including Alibaba, JD.com, Tmall etc. and even enabling withdrawal of cash from ATMs, though cash is fast disappearing in the populous country due to widespread adoption of digital payments via smartphones.
TransFi has enabled crypto onramps with Alipay to all users from China and the team is happy to welcome them.
Alipay Users can make payments using their smartphones in multiple ways depending on the use case:
User scans QR code generated by merchant: Scan, verify the amount, enter a password or pin, and authenticate. Useful for paying utility bills and in shopping malls.
User generates QR code and is scanned by the merchant: Payment is auto debited from user's account or wallet. Useful in places like cafes and quick checkout stores.
Using user's identity and Face ID: This uses advanced methods including AI based verification with high speed and reliability. Best used for online purchases, public transport, or ATMs.
Alipay is a secure payment platform that uses state-of-the-art security technologies and safety norms to protect user data and funds. It offers fraud protection features, such as 24/7 customer support and buyer protection programs. Users can also earn rewards for using the app. These rewards can be used to redeem discounts on goods and services from Alipay's partners.
Alipay is a powerful and versatile payment platform that offers convenience, secure, and rewarding, and it is integrated with a wide range of products and services online and as well as offline merchants and stores. Alipay is playing an increasingly important role in China's digital economy, and it is expected to continue to grow in popularity in the years to come.
Using Alipay, TransFi has now enabled users to buy crypto in China using local payment methods with ease and convenience.
Alipay Demo:
About TransFi
TransFiは新興市場に特化した暗号のオンランプとオフランプのソリューションプロバイダーであり、ネイティブの支払い方法を最も広くカバーし、非常に高い変換率、ローカル通貨、ローカルID、ローカル言語をサポートし、参入障壁が低く、最低の処理手数料で簡単なユーザーエクスペリエンスを提供しています。同社は現在、100カ国以上でクレジットカードとデビットカード、さらに100種類以上の現地通貨での支払い方法に対応しています。私たちは、すべての主要な支払方法を積極的にグローバルに統合しています。私たちは、アジア、ラテンアメリカ、アフリカなどの新興市場に深く焦点を当て、世界中の次の10億人のユーザーのためにWeb3アクセスを可能にすることを目指しています。TransFiはTransFi UABとしてリトアニアで登録されています。
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