China’s Alipay mobile wallet app users have almost reached 100 million

Thursday, November 14, 2013

According to Alipay, about one-third of transactions are from mobile phones, eight times that of the same period last year. On Singles’ Day this year, the transactions done via mobile phone reached 45.18 million, with a value of more than 11.3 ­billion yuan ($1.85 billion).

About 80 percent of banking card transactions, 80 percent of prepaid charges and 60 percent of credit card payments across the nation are done via Alipay using its mobile phone app, Fan Zhiming, head of the wallet mobile app department in Alipay, said in a press release sent to the Global Times Wednesday.

Source: Global Times (link opens in a new window)