What is the current China Mobile Payments Market size?

The China Mobile Payments Market is projected to register a CAGR of 8.10% during the forecast period (2024-2029) Read More

Who are the key players in China Mobile Payments Market?

AliPay, 99bill, Huawei Device Co., , Paypal Inc. and Apple Inc are the major companies operating in the China Mobile Payments Market. Read More

What years does this China Mobile Payments Market cover?

The report covers the China Mobile Payments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Mobile Payments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

China Mobile Payments Market Size & Share Analysis - Industry Research Report

China Mobile Payments Industry Overview

The China Mobile Payments Market is moderately competitive, with a considerable number of regional and global players. Key players include WeChat (Tencent Holdings Limited), Paupal Inc., AliPay, Huawei Device Co., and 99bill

October 2021 - Alipay and WeChat Pay are giving state-owned bank card clearinghouse UnionPay even more access to their mobile payment ecosystems. Ant Group-owned Alipay announced payment QR codes through UnionPay's Cloud QuickPass app for offline payments in every city across China. In Beijing, Guangzhou, Shenzhen, Tianjin, Chengdu, Chongqing, Xi'an, and other important Chinese cities, the QR code feature is available.
January 2021 - PayPal Holdings Inc has become the first foreign company in China to have complete control of a payment platform. According to shareholder data from the National Enterprise Credit Information Publicity System, PayPal purchased the remaining 30% ownership in China's GoPay, formally known as Guofubao Information Technology Co., on December 2020.