The total transactions via non-finance institutions in China totaled 42,167.92 billion yuan in Q3 2017 with an increase of 17.4% QoQ according to Analysis. This market is led by Alipay, Tencent Finance, and China UMS with 41.36%, 29.07%, and 13.41% market share respectively.
China third-party internet payment market saw 6,381.551 billion yuan transactions in Q3 2017 with an increase of 8.59% QoQ. This market is again led by Alipay (24.94%), China UMS (23.51%), and Tencent Finance (10.21%).
China's third-party mobile payment market saw a total transaction of 29.495.92 billion yuan with an increase of 28% QoQ, dominated by Alipay and Tencent Finance (WeChat) with a combined market share of over 90%.
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