Alipay and WeChat Pay are the major mobile payment players in China. Together, they account for more than 90 percent of the market share. With mobile payments becoming ubiquitous in China, the next frontier for Alipay and WeChat Pay is to make their services available overseas for Chinese travelers and eventually global customers.
Alipay and WeChat Pay are the major mobile payment players in China. Together, they account for more than 90 percent of the market share. With mobile payments becoming ubiquitous in China, the next frontier for Alipay and WeChat Pay is to make their services available overseas for Chinese travelers and eventually global customers.
Alipay and WeChat Pay are the major mobile payment players in China. Together, they account for more than 90 percent of the market share. With mobile payments becoming ubiquitous in China, the next frontier for Alipay and WeChat Pay is to make their services available overseas for Chinese travelers and eventually global customers.
Alipay and WeChat Pay are the major mobile payment players in China. Together, they account for more than 90 percent of the market share. With mobile payments becoming ubiquitous in China, the next frontier for Alipay and WeChat Pay is to make their services available overseas for Chinese travelers and eventually global customers. What is revolutionary is that China has jumped directly from cash to mobile payments. It has skipped the process of using cheques and bank cards like what developed countries usually experience. Accepting Chinese UnionPay cards used to be the only prerequisite to satisfy Chinese outbound tourists, but mobile payments are changing the game entirely.
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