Alipay Wallet, Alipay’s mobile app brand renamed from “Alipay” and the largest mobile payment platform in the world, exceeded 62.818 million MAUs in September 2014 in China according to EnfoDesk; Alipay Wallet is the most popular mobile payment app by MAUs, followed by Tenpay, Bestpay, Alipay and Lakala.
In comparison, the top 4 online payment mobile apps in August 2014 in China were Alipay, Bestpay, Tenpay and Lakala by total MAUs.
Among China top 5 online payment mobile apps, Lakala, Tenpay and Alipay Wallet all had different use frequency growth rate , especially Lakala who had 20.61% growth rate while Alipay had a decrease of 36.1% in use frequency growth rate in September 2014. Alipay Wallet, Bestpay and Alipay all had decreased growth in time spent in September 2014.
Till 16 October in China, total number of Alipay Wallet’s active users exceeded 190 million and the daily mobile payment transaction volume exceeded 45 million, accounting for more than 50% of total Alipay transactions.
Also read: INFOGRAPHIC: Brief History of Alipay Yu’E Bao’s Rapid Development in China
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