Leading third-party payment providers in China Q2 2020

Published by
Daniel Slotta,
May 5, 2022
As of the second quarter of 2020, the leading third-party provider of online payments was Alipay, with a market share of almost 56 percent. Its closest competitor was Tencent's Tenpay which includes the company's payment software WeChat Pay and QQ Wallet.

Market share of leading third-party online payment providers in China in 2nd quarter 2020

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Release date

October 2020

Region

China

Survey time period

Q2 2020

Supplementary notes

* Tenpay includes WeChat Pay and QQ Wallet.

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