Launched as an escrow service for online purchase on Alibaba's marketplace, Alipay provides secure, trustworthy and convenient online and mobile payment services. As the largest third-party online payment service provider in China by total payment volume, Alipay now reached 450 million users. Alipay currently collaborates with over 200 financial institutions. The company is operated by Ant Financial Services Group and provides payment services for Alibaba Group’s marketplaces.
Gateways requires redirecting customer to gateway frontend to finish payment.Process Payments
The transaction is processed live without staff intervention - customer submits payment which is processed by HostBill with Alipay.