PayEasy Now Accepts AliPay China Payments

Sept 17, 2010 (MANILA, Philippines) -- Mozcom PayEasy, the most comprehensive online payment solution in the Philippines, adds support for China's most popular online payment system -- AliPay.  This new development opens the door for Philippine merchants to provide products and services to more than a billion potential Chinese customers.

AliPay is owned and operated by Alipay.com Co., Ltd.  It is China’s leading online payment service by both number of users and total transaction volume.  A member of the Alibaba Group, AliPay enables individuals and businesses to securely, easily and quickly send and receive payments online. AliPay works like an escrow service, solving the issue of settlement risk in China.

Since its launch in 2004, AliPay has become the most popular and extensively used online payment tool for all areas of e-commerce in China, and is fast becoming the industry standard. Up to the June, 2010, Alipay had more than 350 million users.  Daily transaction volume exceed 1.4 billion, through more than 5.5 million daily transactions.

To provide AliPay, Alibaba has partnered with all the leading banks in China, including Bank of China, China Construction Bank, Agricultural Bank of China, and the Industrial and Commercial Bank of China, as well as Visa and other financial institutions. AliPay has received the endorsement of traditional banks and financial institutions because of its advanced e-commerce payment technology and sophisticated risk management system.

Mozcom PayEasy provides AliPay services through its partner gateway, iPay88 of Malaysia.