China's mobile payment apps are expanding their reaches in the global market.

 

中国的移动支付软件已遍及全球市场。

 

Tencent's Wechat Pay has been used in 20 countries and regions including Japan and the Republic of Korea, while Alipay offers payment options for shopping, transport and sightseeing in 38 countries and regions.

 

Wechat can process transactions in 13 currencies, while Alipay supports settlements in 27 currencies.

 

Consumers in altogether 24 countries can get their tax refunds¹ through Alipay, and the app is available in more than 60 overseas airports to offer various services.

 

Besides promoting apps overseas, Alibaba's Ant Financial has partnered with India's PayTM since 2015 to help the latter build a local mobile payment platform and control risks.

 

The growth of China's mobile payment sector² is driven by improved Internet infrastructure³, innovation and a friendly regulatory regime, according to analyst⁴ Wang Pengbo from marketing⁵ consultancy Analysys.

 

After successes in online shopping, mobile payments expanded into stores and restaurants and are now used to pay for just about everything.

 

The trend has made China the world's largest mobile payment market. 

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