Its gross payment volume (GPV) rose 31 % annually to $ 17.8 billion during the first quarter, matching its growth rate in the fourth quarter.
Its gross payment volume also fell in line with expectations.
Not exact matches
In a press release, the Chinese online retailer said that, in 2016, 82 percent of the
gross merchandise
volume was settled through Alipay, underscoring Chinese consumers» growing preference for digital
payments.
But, from an interesting
payments perspective, 90 percent of the total
gross merchandise
volume for the 24 - hour shopping event was settled through Ant Financial's Alipay.