 07-Jan-18, Seeking Alpha

Mobile payments in China quadrupled from 2015 to 2016, while increasing just 40% over the same period in the US. 

"Though the US saw USD112 billion of mobile payments in 2016, such payments in China totaled USD9 trillion, according to iResearch Consulting Group.

For Alibaba and Tencent, the payoff isn't just the transaction fees they make from merchants, typically 0.6%. It's also the consumer data collected, which can transform their apps into marketing platforms for an expanding array of services, from bike sharing to travel."

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 Financial Services insights