A leading Hamburg-based secondary market research agency has released a comprehensive profile of China’s leading mobile wallet: “Alipay Profile 2019.” The publication summarizes the facts and figures about Alipay and China and reports that Alipay’s acceptance is growing internationally.
With a market share of above 50%, Alipay was the leading third-party mobile payment service in China in 2018. In addition, it was the top payment method used by Chinese consumers on Alibaba’s E-Commerce platforms, according to the figures revealed in the yStats.com report. In addition to online shopping, Alipay customers use the service to purchase in-store, make bill payments and transfer money.
Alipay to be accepted at more locations overseas
Moreover, Alipay is increasingly used by Chinese consumers when they travel abroad. To tap into this emerging market opportunity, Alipay cooperates with merchants and payment providers across the globe to grow its international acceptance. At home, Alipay faces growing competition from the number two leading mobile wallet WeChat Pay, and other emerging rivals such as JD Pay and Suning Pay, in regard to the yStats.com report.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/03/2019.03.19_Product-Brochure-Order-Form_Alipay-Profile-2019.pdf
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About yStats.com
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.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
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