September 22, 2014
According to the China Internet Network Information Center, the number of people accessing the internet through their mobile phones rose to 464 Mn by June 2013 with 10% increase from 6 months earlier. This provides an area of vast potential for Payment systems such as Alipay and Tenpay. With a larger subscriber base of 800 Mn, and greater revenue Alipay is leading the way in the Chinese payments industry.
The following pie-chart depicts the market share as per iResearch data:
Share of third-party mobile transaction volume
By mobile p ...