What are the best global alternatives to PayPal for payments?
Payments
Asked by Question Bot08/Jul/20111 answer
1 Answer
F
Faisal Khan
Answered 08/Jul/2011
Yes and No. Mostly No.
One would believe no one comes even remotely close to the number of users (registered: 232 Million accounts) and 100+ Million Active accounts as PayPal has (Source: http://en.wikipedia.org/wiki/PayPal).
However, there is an existential threat to Paypal.
The closest rival to PayPal would probably be Alipay (see www.alipay.com). Alipay is a Chinese payment system owned by the Alibaba Group (see www.alibaba.com).
As per their website - Alipay has 550+ Million users and do about 8.5 Million transactions per day (Source: https://www.alipay.com/static/ab...)
It is predicted by many payment experts, that at some point in time, Alipay will pose a serious threat to the PayPal business in US/Canada and Europe.
Alipay is already very aggressively looking at emerging countries to expand its business (India, Pakistan, Bangladesh, Vietnam, Thailand, Indonesia, and also various countries in Africa), to set themselves as the preferred payment method and a solid alternative to PayPal.
One would believe no one comes even remotely close to the number of users (registered: 232 Million accounts) and 100+ Million Active accounts as PayPal has (Source: http://en.wikipedia.org/wiki/PayPal).
However, there is an existential threat to Paypal.
The closest rival to PayPal would probably be Alipay (see www.alipay.com). Alipay is a Chinese payment system owned by the Alibaba Group (see www.alibaba.com).
As per their website - Alipay has 550+ Million users and do about 8.5 Million transactions per day (Source: https://www.alipay.com/static/ab...)
It is predicted by many payment experts, that at some point in time, Alipay will pose a serious threat to the PayPal business in US/Canada and Europe.
Alipay is already very aggressively looking at emerging countries to expand its business (India, Pakistan, Bangladesh, Vietnam, Thailand, Indonesia, and also various countries in Africa), to set themselves as the preferred payment method and a solid alternative to PayPal.