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How does mobile payment work in China?

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How does mobile payment work in China?

Consumers can directly use payment platforms to complete online orders, and also can scan the QR code provided by online sellers via payment apps. Consumers can also pay for their home’s water, gas, and other utility bills on the mobile payment apps.

Is Alipay or WeChat Pay more popular in China?

However, although WeChat Pay has more monthly active users, Alipay is still the most popular online payment system in China. In Q3 of 2019 Alipay had over a 50\% share of China’s mobile payment market with 54.5\%. Whereas WeChat Pay had 39.5\%.

Who uses Alipay?

China
PayPal and Alipay are both peer-to-peer payment platforms, but there are some key differences between the two. Alipay is popular in China and available only to Chinese nationals. There is a ‘Tour Pass’ for those traveling in China, too.

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Does China use cash App?

Cash App does not work internationally — you cannot make payments to someone in a different country. Cash App can only be used to send money within the country you live, and the service is only available in the US and UK.

What is Alipay China?

Alipay (simplified Chinese: 支付宝; traditional Chinese: 支付寶) is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. Alipay overtook PayPal as the world’s largest mobile payment platform in 2013.

How does Alipay work in China?

Alipay is an eWallet app that lets users store debit or credit card details to make online and in-store purchases using their phones. It works as a mobile wallet-based payment method, similar to the likes of Apple Pay. Alipay can be used to make purchases where the merchant has listed Alipay as a valid form of payment.

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How do I make a payment to Alipay?

Click on “PAY WITH ALIPAY IN CHINESE YUAN (CNY)” and you will be redirected to a new page with the QR Code. Open your Alipay App on your mobile device and scan the QR code to complete your payment. Alternatively, you may log in to your Alipay account and complete your payment from there.