Alipay: Further Extends Fee Reduction for Small and Micro Merchants by 1 Year

On September 25th, according to Alipay's open platform, Alipay has decided to extend the fee reduction and benefit-sharing measures for another year, until September 30, 2026. It is reported that Alipay has implemented measures such as "free withdrawal since the launch of the payment code in 2017" and "9% discount on network payment service fees for small and micro-merchants".