Analysis of News relating to the Digital Money Ecosystem

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Analysis of News relating to the Digital Money Ecosystem

The Complicated — And Increasingly Crowded — Payments Battle In China - PYMNTS.com

09/08/2017 Link to source

The Complicated — And Increasingly Crowded — Payments Battle In China While UnionPay can boast an impressive 35 percent year-over-year growth, mobile payment methods — particularly Alibaba's Alipay and WeChat Pay — have grown an estimated 85 percent during the same time period and have come to dominate the ... and more »

Context

http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/china.gifChina
The People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alibaba.pngAlibaba Group
Founded in China by Jack Ma in 1999, Alibaba.com is an e-commerce platform for small businesses, connecting millions of buyers and suppliers around the world.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/china unionpay.pngChina UnionPay (CUP)
China Union Pay is the National bankcard association in China
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/wechat.pngWeChat
WeChat s a mobile text and voice messaging communication service developed by Tencent in China.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/framework/digitalcontent.pngDigital Content
Digital Content (DC) is the category under which we classify consumer payements related to purchase of digital content and services. This includes purchase of games, music downloads and other typically small value payments from consumers to companies.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/framework/mobilepayment.pngMobile Payment
Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS).
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alipay.pngAlipay (Since Oct 2014 part of Ant Financial Services Group)
Alipay is a third-party online payment platform. Alipay has the biggest market share in China. The company claims it had more than 550 million registered users as of the end of 2010. In 2011, it was the largest online payment system in the world by v
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alibaba.pngAlibaba Group
Founded in China by Jack Ma in 1999, Alibaba.com is an e-commerce platform for small businesses, connecting millions of buyers and suppliers around the world.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alibaba.pngAnt Financial Services Group
Founded in China by Jack Ma in 1999, Alibaba.com is an e-commerce platform for small businesses, connecting millions of buyers and suppliers around the world.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alipay.pngAlipay - China
Alipay is a Player operating in China
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/wechat.pngWeChat
WeChat s a mobile text and voice messaging communication service developed by Tencent in China.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alipaywallet.pngAlipay Wallet (Part of Ant Financial Services)
Chinese online payments service that accepts most payment instruments but not e-wallets.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/tencent.pngWeixin Payment
Weixin Payment launched in March 2014, is the payment service offered by Tencent through its popular mobile messaging application WeChat, known as Weixin in mainland China.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alipayop.pngYu'E Bao mutual fund#/sage/RelWalletGeo_Wallet_Yuebao_Country_China#
Chinese online payment services provider. Accepts most payment instruments but not e-wallets;
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/stdefault.pngMobile Payment
Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS).
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/stdefault.pngPayments
The Payments Topic includes knowledge related to a variety of services such as mobile payments, online payments, bill payments and more.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/brochureicons/viewport_china_2015.pngDigital Money in China 2015
An immense change has taken place in mainland China over the last 5 years over which we have carried out in-depth studies of this market. This positioned China as the largest online retail market in the world, and a leader in the use of Digital Money.
http://digitalmoney.shiftthought.co.uk/wp-content/themes/shiftthoughtv2/spaces/digital-money/images/icons/alipayop.pngAlipay Wallet (Part of Alibaba Ant Financial Services)
Chinese online payment services provider. Accepts most payment instruments but not e-wallets;

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