Caixin
Oct 19, 2015 06:34 PM
BUSINESS & TECH

Graphics: Popular Payments

(Beijing) – Mobile payment is becoming increasingly popular in China. The transaction volume of China's mobile payment market reached 6 trillion yuan in 2014, an increase of 391.3 percent from the year before, according to a recent report by iResearch Consulting Group. The report says the boom is benefiting from the development of mobile Internet and smart devices, and says Alipay and WeChat Payment are the major two players. Mobile payment users vary by income, education background and reasons for using the technology, a report by China Internet Watch, a Singapore-based consulting company says.

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