.avif)
China
.avif)
during 2025-2030
Popularity of e-commerce payment methods
Extend your reach
Alipay is a widely used digital wallet and mobile payment platform primarily in China.
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Reasons for Popularity
Alipay is a “superapp” with features such as ridesharing, travel booking, bill pay, medical appointments, and more
Accepted by more than 80 million merchants and supported in 27 currencies, Alipay has a dominant presence both within China and internationally
Through the Alipay+ network, it supports payments across Asia, Europe, and other regions, making it popular for both local users and international travelers
WeChat Pay is a dominant mobile payment platform integrated within the WeChat ecosystem, boasting approximately 935 million active users as of 2023. It processes over 1.5 billion transactions daily, highlighting its crucial role in China's digital payment landscape. WeChat Pay's extensive integration with e-commerce platforms, including Alibaba's Taobao and Tmall, enhances payment flexibility for consumers, making it an essential tool for everyday transactions.
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Reasons for Popularity
Seamless Integration: WeChat Pay is embedded within the WeChat app, allowing users to make payments without switching platforms. This convenience encourages frequent use as users can easily send money, pay bills, and shop online all within one app
Comprehensive Ecosystem: Beyond payments, WeChat offers a variety of services such as messaging, social networking, and mini-programs, creating a one-stop platform that fosters user engagement and retention. This multifaceted approach keeps users within the ecosystem for various needs
WeChat Pay has expanded its services to support cross-border payments, allowing Chinese tourists to use the service in various international locations (Malaysia, Indonesia, Japan and others). WeChat Pay is accepted by a vast network of merchants, from street vendors to major retailers, both online and offline
