China is seeing a sea-change in how its consumers are making purchases. At the beginning of the year, Alipay reported that 82% of payments made on its channel in 2017 had been made using a mobile device. The company has 520 million users in the country, with some consumers spending up to $50,000 a year through the service.
Meanwhile, competitor WePay is hosted within the Tencent-owned WeChat instant messaging service, which has more than a billion users.
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