The competition pattern of "duopoly" is still solid, while the competitiveness of UnionPay, a state-owned player, is improving.
The penetration rates of Tenpay, inclusive of WeChat Pay and Mobile QQ Wallet, and Alipay are 89.2% and 69.5% respectively, with the number of estimated users reaching 940 million and 740 million respectively, according to an Ipsos survey.
Compared with the results of the previous survey, Tenpay's user size has slightly increased ...
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