Alipay announced new mobile payment service to make fund transfer easier. Users can transfer fund via Alipay mobile apps to anyone with a mobile phone number.
A confirmation via SMS reply will confirm the payment. If the mobile number is associated with an Alipay account, the payment will be instantaneous.
If the payee doesn’t have an Alipay account, he or she can simply reply with a bank account and the transfer will take two hours to any of six banks or complete the next day for accounts with other banks.
