Beyond China's mega cities, a mobile payment revolution is taking place


  • TECH
  • Thursday, 11 Dec 2014

WHOPPING AMOUNT: Over 50% of Alipay transactions are now mobile.

Forget Apple Pay or even PayPal, in China Alibaba's Alipay is handling 80 million transactions a day and more than half are mobile payments. 

Alipay is China's largest online payment provider and to mark its 10th anniversary it has published its annual spending report, which gives insight into how first access to online payments and now to virtual wallets via smartphones and tablets is revolutionising Chinese consumer society. 

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