The third-party comprehensive payment market picked up in Q3 after its sluggish start this year, which reached 54.94 trillion yuan (US$8.01T) with a growth of 7.99% quarter-on-quarter. Alipay, Tencent Finance, and UnionPay combined accounted for 87.5% of the total.
China's non-financial institutes that provide payment services processed around 54.94 trillion yuan-valued transactions in Q3 2018, an increase of 7.99% quarter-on-quarter. Such growth was primarily driven by mobile payment...
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