The logo of Chinese bank card operator UnionPay is seen at a cashier at a shopping mall in Changzhi, Shanxi province, China. Photo: Reuters

Can the state take China’s mobile payments market in 2016? Experts think not

China UnionPay launched mobile payments app in December but it may be too late for the firm to grab solid stake in business that processes more than 2 trillion yuan per quarter

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The logo of Chinese bank card operator UnionPay is seen at a cashier at a shopping mall in Changzhi, Shanxi province, China. Photo: Reuters
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