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Mobile payment is ubiquitous in China and it is enabled through a different way than in the western world. According to eMarketer, in addition to the pervasive usage at ecommerce through online mobile payment, proximity mobile payment users in China is 577.4 million (by far the largest in the world), with a penetration rate of 81.1% of smartphone users. China is steadily marching toward a cashless society, enabled by Alibaba’s Alipay and Tencent’s WeChat Pay. Those two leading payment systems have introduced QR code-backed payments into the daily habits of consumers, from purchasing in superm
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