Alipay is a Chinese Mobile Payments company, and provides a number of products and services:

Products

Cross-border Website Payment
1. Real time payment solution:
Chinese buyers purchase products or services from merchants ’website and make a payment in RMB. Alipay will deduct the payment from the buyers’ account in real-time.
2. Settlement:
Alipay collects payment (RMB) from shoppers to BUY foreign currency, and will then remit the sum to receiving bank account of merchants in settlement. At the moment, we support the settlement of 12 foreign currencies.

Cross-border Mobile Payments
1. Real time payment solution:
Chinese buyers purchase products or services from merchants ’website and make a payment in RMB. Alipay will deduct the payment from the buyers’ account in real-time.
2. Settlement:
Alipay collects payment (RMB) from shoppers to BUY foreign currency, and will then remit the sum to receiving bank account of merchants in settlement. At the moment, we support the settlement of 12 foreign currencies.

Auto-debit Service
1. Overseas merchants enable to offer recurring and quota payment solution for Chinese users end.Users raise the payment solution
order agreement and designate the Alipay account to apply auto debit service.
2. Real time payment solution:
Chinese buyers purchase products or services from merchant’s website and make a payment in RMB. Alipay will deduct the payment from the buyers’ account in real-time.
3. Settlement:
Alipay collects payment (RMB) from shoppers to buy foreign currency, and will then remit the sum to receiving bank account of merchants in settlement. At the moment, we support the settlement of 12 foreign currencies.

Alipay ePass
Full Access to the Chinese market. Alipay ePass combines payment, logistics and marketing support to allow sales and delivery of products directly to individual Chinese consumers through existing e-commerce websites.

More information: Alipay