Virtually all mobile payments in China go through either Alipay or WeChat Pay. India's Unified Payments Interface offers a more competitive landscape with 87 mobile payment apps to choose from. (Picture: Shiho Fukada/Bloomberg)
Virtually all mobile payments in China go through either Alipay or WeChat Pay. India's Unified Payments Interface offers a more competitive landscape with 87 mobile payment apps to choose from. (Picture: Shiho Fukada/Bloomberg)
Abacus /  Tech

India aims to catch up with China in mobile payments

India has 87 apps using its Unified Payments Interface while just two companies dominate mobile payments in China

Bloomberg
Bloomberg

Updated: 9:11am, 20 Sep, 2019

Why you can trust SCMP
Virtually all mobile payments in China go through either Alipay or WeChat Pay. India's Unified Payments Interface offers a more competitive landscape with 87 mobile payment apps to choose from. (Picture: Shiho Fukada/Bloomberg)
Virtually all mobile payments in China go through either Alipay or WeChat Pay. India's Unified Payments Interface offers a more competitive landscape with 87 mobile payment apps to choose from. (Picture: Shiho Fukada/Bloomberg)
READ FULL ARTICLE