Will Alipay go bankrupt?Assuming the impact of Alipay's bankruptcy on people

Everyone knows that there are no lasting and unbeaten enterprises in history. With the development of the times and technology, more advanced enterprises will replace or eliminate those enterprises that cannot keep up with the development of the times.

Just as Sohu and Sina were the Internet giants, this position has been replaced by Alibaba and Tencent.

AlipayIf you go bankrupt, will Yu'ebao also lose money?

• Alipay is currently the most popular app on Alibaba.
• It is not only the payment function, but also the financial management.
• There are very huge users.

So if it is inevitable that the bank will be closed or eliminated one day, can we get the money we put in Yu'ebao back?

• In fact, just like bankruptcy, the compensation limit is only 50 yuan. After the liquidation is over, the compensation limit of more than 50 yuan can only be compensated according to the proportion.
• So far, Alipay has no corresponding compensation system after bankruptcy.
• So everyone will worry about this problem, it is also a natural phenomenon.

Alipay has 2 functions that most people use

The first is mobile payment:That is, everyone deposits money directly into an Alipay account;

The second is financial management:You can earn interest when you put it in Yu’e Bao.

Either way, you can get the money back, don't worry.

Yu'e Bao and other payments in financial management

Alipay and Yu’ebao have many financial management methods, including conventional financial management, pension insurance, gold, etc.

The most commonly used one is Yu’ebao. Currently, there are 14 monetary funds in Yu’ebao. The funds we invest in Yu’ebao are to purchase monetary funds, which are different companies from Alipay.

Alipay is just an intermediary platform. Investors' money is not in Alipay's hands, but in banks and fund companies. If Alipay goes out of business, you can go to the fund company to get your own money back.

• The same goes for other financial products.
• Alipay is only used as an intermediary platform, it is not a self-operated product.
• If it fails, it can be retrieved at the issuing company or bank.

If Alipay went bankrupt before, the money in the account may not be refunded, but now Alibaba has recovered all the money from the third-party payment institution to the bank, and has unified the supervision and management of Alibaba, all third-party payment institutions cannot touch the money in these account balances.

The user's money is obviously placed in Alipay, but Alipay has no right to use and manage it.

It is now regulated by Alibaba and will be punished if found to be in violation.

If Alipay goes bankrupt, can the money in it be recovered?

To sum up, if Alipay goes bankrupt, the funds in Yu'ebao are safe and investors' funds can still be recovered.

The current size of Alipay can be said to cover most of the population in China. After all, we and the people around us are using it. It is understandable that everyone is worried about whether the fund company and Alipay will go bankrupt.