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    News in brief

    More than 1bn Alipay payments made on Singles’ Day

    News in brief

    More than one billion online and offline transactions were made through Alipay at this year’s Singles’ Day Shopping Gala, an increase of 48% from 2015, with the peak number of transactions standing at 120,000 in a single second. Gross merchandise volume (GMV) through the mobile payments platform was US$14.6bn, about 82% of total GMV, compared to 69% last year “Peak transactions enabled with banks around the world were 54,000 transactions per second, two times last year’s peak,” Alipay parent company Ant Financial says.

    Filed by Email Rian Boden nfcworld.com Published • Last updated 15 November 2016, 11:36

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