Alipay (支付宝 zhīfùbǎo) is a Chinese PayPal, an online payment service that lets you buy stuff from Taobao, the Chinese Ebay. This post explains how to set up an account – be warned, it takes about an hour.
Why would I want to?
The Industrial and Commercial Bank of China (ICBC 工商银行 gōngshāng yínháng) is the preferred bank to use in conjunction with AliPay, the Chinese version of the PayPal online payment service. Once you have an online ICBC account, you can get an AliPay account. Once you have an AliPay account, then you can start using Taobao - the Chinese version of Ebay. And that means lots of goodies at low, low prices :)
To open an online ICBC account, first you have to go to the bank…
1. Take the following to your local ICBC: (more…)