Alipay has introduced an insurance mechanism for quick payment

Alipay has introduced an insurance mechanism for quick payment

 

News on the morning of April 16,

 

Alipay announced today that it will give away a fund protection insurance for all quick payment users.

 

Users will receive 100% reimbursement in the event of theft using Quick Pay in the future.

 

The insurance is underwritten by Ping An Property & Casualty Insurance Company of China.

 

All insurance costs are borne by Alipay.

 

Quick payment is a convenient payment service launched by Alipay at the end of 2010 in conjunction with major banks.

 

Users do not need to open online banking in advance, as long as they have a bank card, they can complete the online payment.

 

According to the official data, at present, Quick Pay has reached cooperation with more than 160 people.

 

The number of users exceeded 150 million.

 

Alipay has previously given a 72-hour full compensation commitment for fast payments.

 

Yuan Leiming, General Manager of the Financial Division of the Domestic Business Group of Alibaba Small and Micro Financial Services Group, said,

 

After the introduction of Ping An Property Insurance for quick payment, users use quick payment to underwrite if risks such as theft occur.

 

100% of the loss of funds will be covered by a professional third-party insurance company.

 

Previously, Taobao had cooperated with Huatai Insurance to launch return freight insurance.