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October 15, 2014

Alibaba to Start Alipay Mobile App Car Rental Service

Alibaba to start car rental service

  1. For the past year, Alibaba’s Alipay electronic payment service has transformed into a mobile payment tool that allows smartphone users to pay for all kinds of services offered by both online and brick-and-mortar businesses.
  2. However this time Alibaba is rolling out a service of a very different kind . This service include  car renting for  mobile users can pay for with the Alipay Wallet app, Users can start renting a car from . Zhejiang Ant Small & Micro Financial Services GroupAlipay Wallet, the mobile app for Alibaba’s third-party payment system, will offer products that allow users to book and pay for hospital fees and rent cars in Beijing and Hangzhou, based on a display at the company’s annual finance conference. There are also payment options for retail stores that use Alipay bar codes.
  3. Alibaba plans to use their  financial affiliate that owns Alipay, which it intends to be used for  a new rent-a-car service from Alipay Wallet called Che Fenxiang, which literally means “car sharing” in Chinese
  4. However this car renting feature can be used by users who have had good credit rating  which will be determined based on their transaction data collected by Alipay who can rent a car without paying a deposit. Other users with lower credit ratings can also rent them but they have to pay a deposit.

 Rental fees vary depending on the type of car. The cheapest one is about 15 yuan for an hour$2.45),

while certain vehicles like electric smart cars are more expensive.

The  car rental service  is supposein Hangzhou, Alibaba’s hometown, later this week. The service is offered jointly by Alipay and car rental firm called Hangzhou Che Lizi.

Zhejiang Ant plans to offer the service in Beijing and Shanghai later.