Hamburg, Germany, March 27, 2019 --(PR.com)-- WeChat Pay pursues an international expansion strategy
As a digital wallet service of China�s popular mobile messaging app WeChat, WeChat Pay is available to hundreds of millions of app users in this country. In addition, as yStats.com�s publication reveals, WeChat Pay has embarked on an international expansion strategy, primarily focusing on Chinese tourists travelling overseas. As of 2018, the service could already be used for QR-based mobile payments in close to 50 countries.

WeChat Pay is China�s number two in the mobile payments market
In China, WeChat Pay is the second most used mobile payment service, with a double-digit percentage share of the market, as of 2018. According to information cited by yStats.com, the gap in Alipay�s and WeChat�s market share in terms of volume was at more than 10 percentage points, but when it comes to user penetration, WeChat Pay also achieved a wide base of more than two-thirds of mobile payment users.

For further information, see: https://www.ystats.com/wp-content/uploads/2019/03/2019.03.20_Product-Brochure-Order-Form_WeChat-Pay-Profile-2019.pdf

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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

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