The mobile app of Alipay got a major update and was renamed Alipay Wallet at the end of 2012. After an Apple Passbook-like service was added into it, more have been added this year. Now it’s a combination of payment tool, coupon and loyalty program management service, business account subscriptions, online financial products and a lot more.

The first mobile version of Alipay app was launched in 2009. After six updates, it now has about 100 million installations, processing one third of daily payments for Alibaba e-commerce services that is an 800% year-over-year increase.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com