China Payments Research

Feb

Alipay’s mobile payment business dwarfed PayPal’s in 2013

Over the past weekend, Alipay announced that it processed about US$150 billion in mobile payments in 2013 which is potentially more than PayPal and Square combined. PayPal cleared US$27 billion in 2013 and Square’s number is not public, but likely far less than even PayPal’s. That’s a huge number…

Nov

China Payments Research

Alipay Wallet 7.6 – so what? A Look at features

The Alipay Wallet 7.6, which was rolled out on October 29, 2013, provides over 30 functions and services. It is reported that the launch of this new Alipay Wallet has extended its services in new areas and provides some significant benefits to consumers. Among these services, the most innovative are…

Oct

China Payments Research

China’s Bankcard Consumer Confidence Index (BCCI) Continues to increase

The most recent Bankcard Consumer Confidence Index (BCCI) in China numbers show a continuing increase in consumer confidence since March 2013. According to the data released by China UnionPay (CUP) and Xinhua News Agency, the BCCI peaked at 86.69 in September; the BCCI has stayed high level for three months.…

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China Payments Research