As of the third quarter of 2023, Union Pay had a market share of over 26 percent in the third-party internet payment provider industry. The internet giants Alipay and Tencent only had a market share of 21 percent and 18 percent, respectively. In contrast, in the mobile payment market, they dominated 90 percent of the segment.
Market share of leading third-party online payment providers in China in 3rd quarter of 2023
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Analysys. (December 20, 2023). Market share of leading third-party online payment providers in China in 3rd quarter of 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1357153/china-leading-third-party-online-payment-providers/
Analysys. "Market share of leading third-party online payment providers in China in 3rd quarter of 2023." Chart. December 20, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1357153/china-leading-third-party-online-payment-providers/
Analysys. (2023). Market share of leading third-party online payment providers in China in 3rd quarter of 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1357153/china-leading-third-party-online-payment-providers/
Analysys. "Market Share of Leading Third-party Online Payment Providers in China in 3rd Quarter of 2023." Statista, Statista Inc., 20 Dec 2023, https://www.statista.com/statistics/1357153/china-leading-third-party-online-payment-providers/
Analysys, Market share of leading third-party online payment providers in China in 3rd quarter of 2023 Statista, https://www.statista.com/statistics/1357153/china-leading-third-party-online-payment-providers/ (last visited July 22, 2024)
Market share of leading third-party online payment providers in China in 3rd quarter of 2023 [Graph], Analysys, December 20, 2023. [Online]. Available: https://www.statista.com/statistics/1357153/china-leading-third-party-online-payment-providers/