China Mobile Wallet and Payment Market Opportunities Databook 2019 - Market Size and Forecast across 45+ Market Segments - ResearchAndMarkets.com

The "China Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size and Forecast across 45+ Market Segments" report has been added to ResearchAndMarkets.com's offering.

The mobile payment industry in China is expected to record a CAGR of 14.1% to reach US$ 44,062,347.5 million by 2025. The mobile wallet payment segment in value terms increased at a CAGR of 14.1% during 2018-2025.

Mobile payment industry in China has reached an initial level of maturity across m-commerce, P2P transfers (domestic and international remittance), and bill payment. The next phase of growth will be driven by new payment segments. This includes high value transactions in both retail and B2B segments. Rate of adoption and innovation in high value purchases is a key emerging theme for key players in China, while expansion in existing avenues continues.

Easy to implement QR code technology along with holistic solution offered by mobile wallets are key to strong growth posted by mobile payment industry.

The banks in China are imposing new rules on use of QR codes that is intended to reduce risk, and offer greater visibility in to the spending data of mobile payment services and spending patterns. QR code based payments now have a transaction limit, which has reduced fraud in the industry.

The mobile payments market is majorly dominated by two players - AliPay and Ten Pay with a combined market share of over 90%. Ten Pay merely has done well to significantly increase its market share, while AliPay enjoys a majority market share at over 50% in the mobile payments market space.

This report provides a comprehensive view on mobile payment/mobile wallet market size and growth dynamics, industry dynamics, retail spending, consumer attitude and behaviour, and competitive landscape in China. The report focuses on data-centric analysis of mobile payment market dynamics to help companies understand business and investment opportunities along with risks.

It details growth dynamics in 45+ market segments (600+ KPIs) across mobile commerce, mobile P2P transfer (domestic and international remittance), mobile lending, and a range of other payment avenues in China.

Companies Mentioned

• WeChat Pay/ TenPay
• Alipay
• China UnionPay
• 1qianbao
• Samsung Pay
• JD Wallet

For more information about this report visit https://www.researchandmarkets.com/research/w2pxns/china_mobile?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190207005377/en/