Reportedly 707% Rise in Chinese Mobile Payment Services, Alipay the Biggest Winner

According to data from data analysis and online tracking firm iResearch, the total transaction volume by independent mobile payments services from China increased by 707%, rising to $201.2 Billion (1219.74 Bn Yuan) in 2013. Its surprisingly high.

The independent services that iResearch refers to are all payment services. This excludes those services by China UnionPay and Conventional banks though. Payments also include p2p money transfers.

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