• Let's Talk Payments, Wednesday, December 10, 2014 12:43 PM

China is going through a mobile commerce boom. As per a recent report by Alipay, 54% of the total transactions on Alipay, during the first ten months of this year, were from mobile devices. The Alibaba-backed payments service handles more than 80 million transactions per day. Last year, mobile oriented transactions had accounted for only 22% of all the payments. Alipay has over 300 million registered users and over 190 million downloads of its wallet app. This year, China witnessed mobile internet access overtaking desktop internet access as well. Interestingly, according to the report by Alipay, differing trends were observed in a comparison of mobile payments in urban areas with those in rural zones.

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