7
Feb
2020 Top Ten Asia Fintech Trends #4: China’s digital payments giants expand across the Belt and Road
The fintech arms of Chinese internet giants Alibaba and Tencent have fought each other to a standstill in their home market. Together, Ant Financial (through its e-wallet Alipay) and WeChat Pay each hold about 90% of China’s US$25 trillion mobile payments market, each with roughly an equal share. The duopoly looks stable for…
