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MOBILE PAYMENTS ACCOUNT FOR 80 PERCENT OF ALIPAY’S PAYMENTS IN 2017

New data from Alipay shows 82 percent of the transactions on its platform in 2017 were made via mobile payments, mostly through smartphones. This ratio is said to be an all-time high. There were 520 million Alipay users in China, or around 37 percent of the country’s population, in 2017. Alibaba’s payment unit provides services [...]

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