Alipay Warns Users About Losing Money Due to Apple ID Leaks
Tang Shihua
/SOURCE : Yicai
Alipay Warns Users About Losing Money Due to Apple ID Leaks

(Yicai Global) Oct. 10 -- Ant Financial Services Group's third-party payment platform Alipay has put on the alert that some Apple identities have been stolen, which has led to users' monetary losses.

"All the stolen IDs bound to payment tools including Alipay, WeChat Pay and credit cards are at risk of causing financial losses before Apple solves the problem (to stop thefts)," the Hangzhou-based payment platform posted in on its official Weibo microblogging account today.

Alipay recommends users to reduce their payment quotas that can be done without typing in a password to minimize risks.

The firm also said that it has contacted Apple several times and urged it to find the cause of leaks as soon as possible to strengthen security. Apple responded that actions are being taken to solve the problem, Alipay added.

Alipay and Tencent Holdings' WeChat Pay dominate the field of third-party payments in China, despite Apple Pay's entry into the world's largest mobile transactions market in 2016.

Editor: Emmi Laine

Follow Yicai Global on
Keywords: Mobile Identity Stolen , Internet Security , IPHONE , Mobile Payment , Alipay , Apple ID, Alibaba , Apple