Alipay (UK) Limited is a subsidiary of Ant Financial Services Group, which is affiliated with Alibaba Group. Alipay is one of the leading mobile and online payment platforms in China, with over 1 billion users worldwide. It provides a range of financial services, including payments, money transfers, and online banking.As an electronic money institution, Alipay (UK) Limited operates under the regulatory oversight of the Financial Conduct Authority (FCA) in the United Kingdom. This means that it must comply with strict regulations and requirements to ensure the security and integrity of its payment services.Alipay (UK) Limited enables users to make secure online payments using their Alipay accounts. It also offers a range of additional services, such as currency exchange and cross-border payments, to facilitate international transactions.In 2019, Alipay (UK) Limited reported total assets of 115.31 million GBP and generated a net income of 378,831 GBP. These figures demonstrate the company’s financial stability and success in the UK market.Overall, Alipay (UK) Limited plays a crucial role in facilitating international payments and providing secure online payment solutions to users in the United Kingdom. Its affiliation with Ant Financial and Alibaba Group further strengthens its position as a leading player in the global fintech industry.

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