Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Alipay Launches Online Travel Escrow Payment Services

Tencent Tech, 11/30/11

Chinese third-party payment processor Alipay today launched an online travel escrow service that allows travelers to complete payment for travel packages once they've returned home. The new solution marks Alipay's entrance into the RMB 150 bln online travel market.

Customers who purchase travel products such as group packages can entrust their payment to Alipay and sign an electronic contract with the travel service provider. Once the trip is over, customers can unfreeze the funds and complete the transaction if the contract was honored.

In the event of a dispute, Alipay will work with consumer rights organizations to mediate the dispute and determine compensation while payment remains frozen.

Users will be able to log into participating online travel sites using their Alipay credentials to make purchases.

Alipay currently has 600 mln registered users including 30 mln users of its Express Checkout online payment-by-credit-card service, with 33.6 mln transactions daily and over 100 participating financial institutions.

Keywords: Internet online travel Alipay registered users third-party payment online payment e-payment transaction volume service/quality guarantee


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports