The Complicated — And Increasingly Crowded — Payments Battle In China
PYMNTS
AUGUST 9, 2017
According to research from RBR , at the end of 2016, more than six billion UnionPay-branded cards existed worldwide. In the first quarter alone, smartphone-originated QR code-based payments saw transaction growth of a staggering 113 percent according to the consulting firm iResearch. Experts wonder if that ground can be gained back.
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