Most Americans are entirely unaware of Alipay – and to the limited extent they are they are, their quick heuristic definition is something along the lines of “Chinese PayPal.”
Which isn’t a bad starting point for a comparison. Like its American counterpart, Alipay got its start as a the payments platform of a major eCommerce player, Alibaba Inc. However, the comparison misses the difference in size between to the two firms.
