Post by account_disabled on Dec 27, 2023 8:27:03 GMT -2
Interesting information in the report on China's mobile payment market in the fourth quarter of 2019, published by independent market research firm iResearch. Key points are as follows: In the fourth quarter of 2019, China's mobile payment services market grew to reach 59.8 trillion yuan (276 trillion baht), an increase of 13.4% compared to the same period last year. This is an indication that the mobile payment service market in China is continuously developing. Mobile payment services are widely popular in a variety of use cases. Alipay and Tenpay (WeChat Pay + QQ Wallet) continue to dominate the market. o Alipay's market share based on transactions increased in all four consecutive quarters during 2019. The market share was 55.1% in Q4 o TenPay (WeChat Pay + QQ Wallet) had market share below 39% for the first time in 2019, at 38.9% o Other service providers It continues to penetrate the niche market, accounting for 6% of the overall mobile payment market in China in Q4 2019.
These providers include 1qianbao. The Chinese version of the China Mobile Payments Buy Bulk SMS Service Market Report for Q4 2019 is available on iResearch's website, as well as reports for Q1 to Q3 2019. Businesses and consumers in China use Alipay's digital lifestyle platform. to stimulate the economy Supports work and live life continuously On March 10, Alipay announced a three-year plan for open access to its platform. To support over 40 million service providers in China in their digital transformation Alipay continues to evolve from a platform that only supports financial services. Toward a digital ecosystem that is open and has many participants. So that users can conveniently access a complete digital lifestyle through their mobile devices. According to China's Ministry of Industry and Information, as of March 24, 2020, nearly 72% of SMEs in China had restarted work. and continues to digitally transform its operations.
Meanwhile, many businesses and consumers use Alipay's open digital lifestyle platform to support their work. and continuous living Consumer demand for digital services is expanding rapidly. In 2019 alone, the number of searches for lifestyle services within the Alipay app increased by 300% compared to 2018. Food and entertainment Grocery Business: Amid the COVID-19 outbreak, Meicai, a Beijing-based grocery startup, It acts as a middleman connecting farmers with consumers and restaurants. It has launched a mini program offering delivery services to Alipay users. It appeared that within just one week The mini program has attracted more than 800,000 new users and orders pouring in from 80 major cities in China. Hot Pot Restaurants: From March 18-22, Hotpot restaurants sold over 1.3 million meals over a five-day period through the Alipay platform, an increase of 186% compared to with the same period of February Over the past few weeks Hot Pot Restaurant has issued a digital coupon.
These providers include 1qianbao. The Chinese version of the China Mobile Payments Buy Bulk SMS Service Market Report for Q4 2019 is available on iResearch's website, as well as reports for Q1 to Q3 2019. Businesses and consumers in China use Alipay's digital lifestyle platform. to stimulate the economy Supports work and live life continuously On March 10, Alipay announced a three-year plan for open access to its platform. To support over 40 million service providers in China in their digital transformation Alipay continues to evolve from a platform that only supports financial services. Toward a digital ecosystem that is open and has many participants. So that users can conveniently access a complete digital lifestyle through their mobile devices. According to China's Ministry of Industry and Information, as of March 24, 2020, nearly 72% of SMEs in China had restarted work. and continues to digitally transform its operations.
Meanwhile, many businesses and consumers use Alipay's open digital lifestyle platform to support their work. and continuous living Consumer demand for digital services is expanding rapidly. In 2019 alone, the number of searches for lifestyle services within the Alipay app increased by 300% compared to 2018. Food and entertainment Grocery Business: Amid the COVID-19 outbreak, Meicai, a Beijing-based grocery startup, It acts as a middleman connecting farmers with consumers and restaurants. It has launched a mini program offering delivery services to Alipay users. It appeared that within just one week The mini program has attracted more than 800,000 new users and orders pouring in from 80 major cities in China. Hot Pot Restaurants: From March 18-22, Hotpot restaurants sold over 1.3 million meals over a five-day period through the Alipay platform, an increase of 186% compared to with the same period of February Over the past few weeks Hot Pot Restaurant has issued a digital coupon.