From CoinTelegraph: 2024-06-09 12:52:00

China’s Alipay surpasses Elon Musk and X.com by becoming the ultimate ‘everything app.’ The platform offers a wide range of services beyond just payments, including ride-hailing, food delivery, and booking hotels.

Alipay’s parent company, Ant Group, reported a staggering $17 trillion in transactions in 2020, solidifying the platform’s dominance in the Chinese market. The app’s user base has reached over 1.3 billion people, showcasing its widespread popularity and impact on the digital economy.

Analysts predict that Alipay’s success could serve as a blueprint for other fintech companies globally, emphasizing the importance of offering diverse services to users in the digital age. The platform’s integration of various functionalities has set a new standard for mobile applications in the financial and technological sectors.

Read more at Cointelegraph: China’s largest payments app debuts AI feature that checks if you’re balding