Market penetration of payment and settlement applications in China reached the highest point in December 2018 with an average DAUs of 157.9 million. Alipay is the distant leader with a penetration of 55.2%.
Market penetration of payment and settlement apps reached 61.3% in December 2018, with an increase of 16.3% year-on-year. Its average DAU increased to 157.9 million.
Alipay (55.3%), UnionPay QuickPass (5.7%), and BestPay (5.2%) are the top three players. UnionPay QuickPass h...
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