On September 29, the China Payment and Clearing Association and the China Banking Association announced the “Initiative to Encourage the Reduction of Payment Fees for Small and Micro Enterprises”. Alipay's announcement stated that it will respond positively to the spirit of initiative, effectively fulfill its social responsibilities, serve the small and micro economy, and continue to implement the two preferential policies starting September 30, 2024.

On September 29, the China Payment and Clearing Association and the China Banking Association announced the “Initiative to Encourage the Reduction of Payment Fees for Small and Micro Enterprises”. Alipay's announcement stated that it will respond positively to the spirit of initiative, effectively fulfill its social responsibilities, serve the small and micro economy, and continue to implement the two preferential policies starting September 30, 2024.