Shanghai leads with most per capita payment through Alipay
Print Edition
SHANGHAI residents made the most per capita payment via Alipay to lead other regions domestically this year, according to latest data from Alibaba’s payment affiliate.
They made an average payment of 38,561 yuan (US$6,230) in the first 10 months of this year, followed by residents in Beijing as well as Zhejiang and Guangdong provinces.
Of the 38,561 yuan, online shopping expenditure totaled 16,159 yuan, with the balance used for paying public utility fees and credit card bills.
Meanwhile, the total amount of payment made via Alipay in Shanghai accounted for 9.3 percent of China’s overall payment in the 10 years since Alipay was first launched in 2004.
Alipay also sent reports to its 300 million users this week detailing their spending over the past 10 years.
The reports showed spending and investment through Alipay, together with an estimate of the users’ assets in another 10 years judging from the spending and investment history.
The record not only brought memories, but exposed just how big the e-payment business has become in China.
According to the report, the number of Alipay transactions hit 42.3 billion, with Guangdong, Zhejiang, Shanghai, Beijing and Jiangsu the top-five regions.
Apart from online shopping, the report also included payments for mobiles, electricity and gas, credit card payments and fund transfers — services that Alipay offers free of charge.
Mobile payments accounted for over 50 percent of total online payments in 2014. The less developed regions in the west grew much faster than the developed east.
The regions with the highest percentage of mobile payments in 2014 were autonomous regions of Tibet — where mobile payments were almost 63 of the total — Ningxia and Inner Mongolia, and Shaanxi Province.
Chen Jin, director of the research center of modern services with the University of International Business and Economics, said mobile payments in sparsely populated western regions with poor transport, have grown rapidly in recent years because of the popularity of smartphones and mobile Internet.
Following Alibaba’s US$25 billion New York IPO in September, founder of Alibaba Jack Ma told state media that Alipay will also go public someday, hopefully on the A-share market.
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