Though China has a highly repressive government and its people have very little freedom when compared to democratic nations, not everything about China is plain bad or backward. In the fields of business, personal behavior, culture, or anything else, the Chinese easily supersede other regions and cultures in several regards, such as in the growth ...
The Chinese seem to have taken quite a liking to the ease of mobile payments, with Tencent’s WeChat Pay and Ant Financial’s Alipay ranking as the top payment apps in the country. With lots of consumer cash deposits in their accounts, it was inevitable that the payment platforms would eventually be targeted by the state. ...
China’s ecosystem of mobile payments has taken off in a big way. To put things into perspective, while Apple Pay is estimated to have 127 million users, Chinese payment apps like AliPay and WeChat Pay have 500 million and 900 million active monthly users respectively. Mobile payments in China Both WeChat Pay and AliPay use ...
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