The market could grow to US.5 trillion according to data by Analysys, dominated by Alipay and Wechat Pay.
The gap between the two is narrowing fast; Alipay accounted for over 80 per cent of transaction value just three years ago.
In recent months, the two main mobile payment rivals have upped the ante by aggressively expanding overseas.
Here are a few options that will allow this procedure: Chinese Merchants Bank – for both debit and credit cards Agricultural Bank of China – credit cards only These are the banks that we know of so far.
We are certain that in the future this operation will increase as China becomes more open towards the foreign markets and many foreigners come to live here.
China is the global leader in mobile payments, with the market reaching 18.8 trillion yuan in the first quarter of this year, according to data from internet consultancy Analysys International.
It is the world’s largest e-payment market overall, with US8 billion in transactions this year, according to estimates by Statista.
They demanded an apology and compensation from the Japanese government for the World War II sex slaves. They killed my parents, and my two younger siblings," Claveia said.
Eighty-five-year-old Narcissa Claveia recounted Japanese soldiers’ inhumane behavior during their invasion of the Philippines."The Japanese soldiers raped these women. More than half a century after the war, justice has still not been brought to the female victims of Japan’s aggression.
We Chat pay is now available in 15 countries and regions for payments in 12 currencies, while Alipay is accepted in more than 100,000 shops in 26 countries across Europe, North America, East Asia, and Southeast Asia.