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Press release content from Business Wire. The AP news staff was not involved in its creation.

Alipay Profile, 2019 - International Acceptance Continues to Rise - ResearchAndMarkets.com

December 17, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 17, 2019--

The “Alipay Profile 2019” company profile has been added to ResearchAndMarkets.com’s offering.

In China, Alipay has a market share of more than 50%

With a market share of above 50%, Alipay was the leading third-party mobile payment service in China in 2018. In addition, it was the top payment method used by Chinese consumers on Alibaba’s E-Commerce platforms, according to the figures revealed in the report. In addition to online shopping, Alipay customers use the service to purchase in-store, make bill payments and transfer money.

Alipay to be accepted at more locations overseas

Moreover, Alipay is increasingly used by Chinese consumers when they travel abroad. To tap into this emerging market opportunity, Alipay cooperates with merchants and payment providers across the globe to grow its international acceptance. At home, Alipay faces growing competition from the number two leading mobile wallet WeChat Pay, and other emerging rivals such as JD Pay and Suning Pay, in regard to the report.

Questions Answered in this Report

Key Topics Covered:

1. Profile of Alipay

2. Marketing Services Offered by Alipay

3. Usage Statistics of Alipay

Companies Mentioned

For more information about this company profile visit https://www.researchandmarkets.com/r/88a2ye

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005626/en/

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PUB: 12/17/2019 11:09 AM/DISC: 12/17/2019 11:09 AM