Insight Report 6 minutes Premium

WeChat MOVES INTO CHINA’S BOOMING MOBILE PAYMENT MARKET

Executive Summary

  • WeChat takes on Alipay in the mobile payments market, with WeChat Wallet.
  • WeChat’s existing 600 million user base will help it to narrow the gap with Alipay.
  • Apple is hoping to launch Apple Pay in China. So competition for dominance in mobile payments will intensify

 

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