Categories: News

A Profile by yStats.com: WeChat Pay Has the Second Largest Mobile Payment Share in China

yStats.com, a leading desk research company based in Hamburg, Germany, has published a profile of China�s second most popular mobile payment service. According to the findings cited in “WeChat Pay Profile 2019,” WeChat Pay accounts for a double-digit share of mobile payment volume in China, but remains behind the market leader Alipay.

Hamburg, Germany, March 27, 2019 –(PR.com)– WeChat Pay pursues an international expansion strategy
As a digital wallet service of China’s popular mobile messaging app WeChat, WeChat Pay is available to hundreds of millions of app users in this country. In addition, as yStats.com’s publication reveals, WeChat Pay has embarked on an international expansion strategy, primarily focusing on Chinese tourists travelling overseas. As of 2018, the service could already be used for QR-based mobile payments in close to 50 countries.

WeChat Pay is China’s number two in the mobile payments market
In China, WeChat Pay is the second most used mobile payment service, with a double-digit percentage share of the market, as of 2018. According to information cited by yStats.com, the gap in Alipay’s and WeChat’s market share in terms of volume was at more than 10 percentage points, but when it comes to user penetration, WeChat Pay also achieved a wide base of more than two-thirds of mobile payment users.

For further information, see: https://www.ystats.com/wp-content/uploads/2019/03/2019.03.20_Product-Brochure-Order-Form_WeChat-Pay-Profile-2019.pdf

Press Contact:
yStats.com GmbH & Co. KG
Behringstrasse 28a, D-22765 Hamburg
Phone: +49 (0)40 – 39 90 68 50
Fax: +49 (0)40 – 39 90 68 51
E-Mail: press@ystats.com
Internet: www.ystats.com
Twitter: www.twitter.com/ystats
LinkedIn: www.linkedin.com/company/ystats
Facebook: www.facebook.com/ystats

About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.

Let’s block ads! (Why?)

Miscw.com

Recent Posts

Live Group Launches Envoku: Redefining Personalised Engagement with AI-Driven Solutions

Unveiling The Future of Communication: AI-Powered, People-Centric, and Hyper-personalised SINGAPORE - Media OutReach Newswire -…

5 mins ago

Hong Kong Design Centre Unveils 2024 DFA Young Design Talent Award Winners: Celebrating 17 Rising Stars

HONG KONG SAR - Media OutReach Newswire - 8 November 2024 - Hong Kong Design…

35 mins ago

Kweichow Zhenjiu Sweeps Double Silver Accolades at the Prestigious Hong Kong International Wine & Spirit Competition 2024

HONG KONG SAR - Media OutReach Newswire - 8 November 2024 - ZJLD Group Inc.…

3 hours ago

First Early Childhood Exhibition Atelier and Conference in Singapore

REACH, Singapore and Reggio Children, Italy present Mosaic of Marks, Words, Material SINGAPORE - Media…

3 hours ago

Trading fears demystified: expert strategies for overcoming barriers from global broker Octa

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 8 November 2024 - Trading offers a…

4 hours ago

Home Action Party (HAP) Celebrates 10 Years of Innovation Transforming Over 500 Homes

SINGAPORE - Media OutReach Newswire - 8 November 2024 - Home Action Party (HAP) is…

4 hours ago