According to iResearch, China third party mobile payment market reached 296.51 billion yuan (USD 48.35 billion), with 152.6% QoQ increase.
As more and more consumers got used to mobile end internet, mobile internet payment occupied 92.7% of total mobile payment markets.
Alipay ranked the top with 72.6% share in third party payment in Q3 2013. In third party mobile payment market, Alipay dominated with 78.4% share. Lakala ranked the second, with 10.6% in third party payment market and 11.5% in third party mobile payment market.