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Alibaba’s Alipay offers one-day discounts, subsidies to lure UnionPay customers

( December 16, 2014, 04:20 GMT | Insight) -- MLex Summary: Alipay, Alibaba's third-party payment platform, launched a one-day series of discounts and subsidies in an effort to compete with UnionPay, the state-backed bankcard payment service provider in China, China Business News reported on its websi...MLex Summary: Alipay, Alibaba’s third-party payment platform, launched a one-day series of discounts and subsidies in an effort to compete with UnionPay, the state-backed bankcard payment service provider in China, China Business News reported on its website. It said Alipay on Dec. 12 offered the discounts and a maximum subsidy of 20 yuan per transaction to consumers when their offline payments were made through Alipay....

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