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Mobile Payments Are Experiencing Rapid Growth, Particularly in Asia

By David Nelyubin
November 5, 2019
in Analysts Coverage, Credit, Debit, Mobile Payments
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20% of small businesses prefer Swiped or Keyed pricing

20% of small businesses prefer Swiped or Keyed pricing

WeChat Pay, Alipay, Samsung Pay, Xiao Mi Pay, Huawei Pay, and Apple Pay are the most popular methods of payment, each having its own unique feature.

According to an article published in NFCW, Alipay has expanded on its payment app, creating a version specifically designed for international travelers:

“Starting immediately, visitors can download Alipay for both iOS and Android devices, and register for the International Version of the app with their overseas mobile phone number to access the ‘Tour Pass’ mini program,”

Previously, international travelers were unable to use Alipay because:

“access typically requires a local phone number and Chinese bank account..”

Alipay, already one of the dominant platforms in China for mobile payments, is now taking on a new market. For more information on Asian Mobile Payment apps, download Mercator Advisory Groups report titled “Asian Mobile Payment Apps as a Way of Life: A look at Alipay, Paytm, and WeChat Pay.”

Overview by David Nelyubin, Research Analysts at Mercator Advisory Group

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Tags: AliPayAsiaMobile AppMobile PaymentSamsung PayWeChat Pay

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