Updated October 14, 2026 · VaultCue Editorial Team
Alipay vs Cake by VPBank
Alipay
Higher score in this comparison
Cake by VPBank
What sets them apart
| Compare | AlipayReviewSee alternativesSee alternatives | Cake by VPBankReviewSee alternativesSee alternatives |
|---|---|---|
| Currencies | 18Higher | 10 |
| Transfer fee | 3% over RMB 200 | 2-10 USD per transaction, plus 11,000 VND per month service fee (fees include 10% VAT) |
| Monthly fee | CN¥0 | Not confirmed |
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Key differences
- Alipay scores higher overall: 9.0 vs 8.4.
- Founded is lower at Alipay: 2004 vs 2021.
- Currencies is higher at Alipay: 18 vs 10.
- Support channels: only Cake by VPBank offers Phone, Help centre.
- Pricing model: only Alipay offers No monthly fee.
- Pricing model: only Cake by VPBank offers Fixed rate.
Our verdict on each
Alipay
Alipay suits travellers who need to pay and send money in China and want a wallet with a monthly fee of CNY 0, taking an overall score of 7.3. Money is held free of charge, but transfers carry 3% over RMB 200 and support runs on email only.
Cake by VPBank
Cake’s standard term deposit in Vietnam has a stated minimum of VND 100,000 and terms from 1 to 36 months. Interest can be paid at the beginning or end of the term, monthly or quarterly. The page describes partial or full early withdrawal subject to terms and confirms the deposit through Smart OTP.
Score breakdown
| Area | Alipay | Cake by VPBank |
|---|---|---|
| Cost | 9.3Monthly fee of CNY 0 to hold the account, with transfers costed at 3% over RMB 200. | Not confirmed |
| Offer | 8.9Covers 18 currencies and pays out to a bank or a wallet from a digital only account. | 9.0Higher |
| Trust | 8.9Higher | 8.0 |
How they place
| Ranking | Alipay | Cake by VPBank |
|---|---|---|
| Money transfer services | 244 of 1564 | 451 of 1564 |
| Online banks | 94 of 402 | 205 of 402 |
Every fact side by side
| Fact | Alipay | Cake by VPBank |
|---|---|---|
| Audience | Travelers | Not confirmed |
| Pricing model | No monthly fee | Fixed rate |
| Features | Digital only | Digital only |
| Legal entity | Alipay (Hangzhou) Technology Co. Ltd | VPBank Joint Stock Commercial Bank (Ngân hàng TMCP Việt Nam Thịnh Vượng) |
| Headquarters | China | Vietnam |
| Founded | 2004Lower | 2021 |
| Support channels | Phone, Email, Help centreCovers more |
Money transfer
| Fact | Alipay | Cake by VPBank |
|---|---|---|
| Delivery time | Within minutes (bank-to-wallet) | Same day (VND credited the same day if funds arrive before the currency cut-off during processing hours, next business day if after cut-off) |
| Payout methods | Bank, WalletCovers more | Bank |
| Fee to send 1,000 | CN¥0 | $2 to $10 |
Where each stands against the rest
| Fact | Alipay | Cake by VPBank | Median |
|---|---|---|---|
| Currencies | 18highest quarter | 10above the median | 5 |
Median across 536 listed accounts.
Pros and cons
Alipay
Pros
- Monthly fee of CNY 0 puts it 1 of 500 brands on this measure.
- Currency reach of 18 sits above the 5 median for multi-currency accounts.
- Payouts reach a bank or a wallet, and bank-to-wallet remittances land within minutes.
Cons
- Transfer charges apply: the quoted transfer fee is 3% over RMB 200.
- Support runs on email only, so a blocked payment has to be chased in writing.
- Currency reach is mid table: 18 currencies ranks 62 of 379.
Cake by VPBank
Pros
- The listed deposit minimum is VND 100,000, with terms from 1 to 36 months.
- Interest-payment choices include the start or end of term, monthly or quarterly.
Cons
- Early partial or full withdrawal is subject to account terms; the page does not establish interest treatment after withdrawal.
Who each suits
Alipay
Who it suits
- Travellers heading to China who want to pay and send money from a phone.
- Anyone who wants a wallet with a monthly fee of CNY 0 and 18 currencies.
- People already paying in China who also need to receive money from abroad.
Who should look elsewhere
- PayPal Colombia, if a wallet in US dollars suits you better than paying in renminbi, with a monthly fee of $0.
- Skrill, if you would rather hold euros in one account than carry 18 currencies.
- eToro, if you want everyday money on a trading platform, whose monthly fee is £0, rather than a payments wallet.
Cake by VPBank
Who it suits
- Customers in Vietnam reviewing standard term-deposit options in Cake’s VPBank digital ecosystem.
Current offers
Cake by VPBank
Current offer
Bonus
Sep & Oct 2026 - New savers get +2.2%/year extra interest: +2.2%/year on first-time term deposits from 100,000 VND, terms 6-12 months, total up to 9.6%/year
First-time savings deposit at Cake, terms 6-13 months, promo terms apply
Source, checked September 26, 2026
Bonus
Sep & Oct 2026 - Loyal savers get up to +2.2%/year extra interest: up to +2.2%/year bonus, up to 9.6%/year total
Existing loyal savers, terms 6-13 months, promo terms apply
Source, checked September 26, 2026
Discount code
Save from 100 million VND and get BIGBANG show tickets: code BB20
Deposits from 100,000,000 VND with terms from 6 months
Source, checked September 26, 2026
Country by country
| Country | Alipay | Cake by VPBank |
|---|---|---|
| Vietnam | No | Yes |
Questions about each
Alipay
Does Alipay charge a monthly fee?+
The monthly fee is CNY 0, so there is nothing to pay for keeping the account open. That puts Alipay alongside PayPal Colombia, Skrill and eToro, whose monthly fees are $0, €0 and £0.
What does it cost to send or top up money?+
Transfer pricing is where the cost sits. The quoted transfer fee is 3% over RMB 200, and the consumer side fee is CNY 0. Since the account costs nothing to hold, the amount you send matters more than how often you send it, and the threshold is worth checking before a large transfer.
How many currencies can I hold in Alipay?+
Alipay covers 18 currencies, above the 5 median for multi-currency accounts, though below the widest wallets on the site. It ranks 62 of 379 brands on this measure, so it is a working set rather than a full travel wallet.
Who runs Alipay and where is it based?+
The service is run by Alipay (Hangzhou) Technology Co. Ltd, founded in 2004 and headquartered in China. The account is digital only, so everything runs through the app and there is no branch to visit when a payment needs checking.
Other options to compare
Other matchups
Related by the facts
Alipay
Cake by VPBank