UN Report: Alipay and WeChat Pay Enable Phenomenal Digital Payments Growth in China

A recent study by the UN-based Better Than Cash Alliance supports what payment facilitators have long known – that enabling access to electronic payments is increasing financial inclusion and creating opportunity.

The report, titled “Social Networks, e-Commerce Platforms and the Growth of Digital Payment Ecosystems in China — What It Means for Other Countries,” looks at the growth and the economic impact in China of leading payment facilitator Alipay and WeChat Pay.

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