Total online payment market in the first quarter of 2014 reached 1.96 trillion yuan, a growth rate of 5.1% QoQ. The top three providers, Alipay, Tenpay and Unionpay represent over 80% of the total.
Alipay, with its payment mobile apps Alipay Wallet, is dominating mobile payment market with over 77% market share by total transactions:
