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What is Alipay Online Merchant Bank?
Alipay Online Bank is the first commercial bank in China whose core system is based on cloud computing architecture, which was founded by Ant Group as the major shareholder. As one of the first five private banks approved by China Banking Regulatory Commission, it officially opened on June 25th, 2005.

Based on the financial cloud computing platform, online merchant banks have the ability to handle high concurrent financial transactions, massive big data and flexible expansion, and take advantage of the Internet and data technology. Driven by science and technology, online merchant banks are further opening to supply chains, rural areas and financial institutions, insisting on low profits and universal benefits, hoping to provide new ideas for the development of global open banks through practice.

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20 19, 12, the first capital increase of online merchant bank was approved, and the registered capital increased from 4 billion yuan to 6,575,438+million yuan.

In March 2020, the All-China Federation of Industry and Commerce, together with a number of industry associations, jointly launched the "non-contact loan" small and micro-assistance program with online merchant banks, and 100 banks quickly assembled to join the program. Within half a year, we fully supported about/kloc-0 million small and micro enterprises, individual industrial and commercial households and farmers in the country to return to work and won the tough economic battle. Three months after the plan was launched, the half-year goal was completed ahead of schedule.

In May 2020, the online merchant bank successfully issued the first perpetual bond, becoming the first private bank to successfully issue capital bonds.

In June 2020, the online merchant bank announced that it had served more than 29 million small and micro enterprises through non-contact loans, three times the five-year goal when it was established; President Jin Xiaolong announced the goal for the next five years. Driven by technology, online merchant bank will become the cloud open bank with the largest number of services.

In September 2020, at the Bund Conference, the online merchant bank announced that it would use satellite remote sensing technology to solve rural financial problems for the first time.

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