No. If the merchant's payment code has already enabled the credit card payment function, then the payment function will not be affected. For merchants who have newly opened a payment code, since the payment code does not currently support the activation of credit card collection services, the applied payment code cannot be paid with a credit card. Merchants should remind customers to choose payment methods other than credit cards.
Alipay (China) Network Technology Co., Ltd. was established in 2004. It is a domestic third-party payment platform dedicated to providing "simple, safe, fast and convenient" payment solutions for enterprises and individuals. Since its establishment in 2004, Alipay has always regarded "trust" as the core of its products and services. It has two independent brands: "Alipay" and "Alipay Wallet". Since the second quarter of 2014, it has become the world's largest mobile payment manufacturer.
Alipay has established strategic partnerships with more than 180 banks at home and abroad, as well as international organizations such as VISA and MasterCard, becoming the most trusted partner of financial institutions in the field of electronic payment.
In February 2020, the Nepalese central bank issued a license to Alipay. In July, Alipay was selected into the list of outstanding blockchain solutions to combat the epidemic. In October, Alipay launched the “late payment” function.
Alipay and Alibaba Group prefer institutional arrangements for large-scale employee shareholding. In the process of establishing a small and micro financial services group, 40% of the shares are used as sharing and incentives for all employees, and the remaining 60% of the shares are used to introduce other strategic investors. Current employees of Alibaba Group and Small and Micro Financial Services Group have received corresponding shares, achieving "full shareholding".
Alipay, a subsidiary of Ant Financial, is a life service platform with 520 million real-name users. Alipay has developed into an open platform that integrates multiple scenarios and industries such as payment, life services, government services, social networking, financial management, insurance, and public welfare.
In addition to providing convenient basic functions such as payment, transfer, and collection, it can also quickly complete credit card repayments, recharge phone bills, and pay utility bills. Through the intelligent voice robot, you can access hundreds of life services in one step. Not only can you enjoy consumption discounts and interact with friends in groups, but you can also easily manage your finances and accumulate credit. It has covered 38 countries and regions except mainland China.