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Alipay Leads Mobile Payments in Market
- Let's Talk Payments, Tuesday, September 23, 2014 1:35 PM
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.
