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Alipay Leads Mobile Payments in Market

According to the China Internet Network Information Center, the number of people accessing the internet through their mobile phones rose to 464 Mn by June 2013 with 10% increase from 6 months earlier. This provides an area of vast potential for Payment systems such as Alipay and Tenpay. With a larger subscriber base of 800 Mn, and greater revenue Alipay is leading the way in the Chinese payments industry. Following is a chart that depicts the market share as per iResearch data.

Read the whole story at Let's Talk Payments »

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