The Fintech Files: Who Will Dominate Mobile Payments?

Mobile payment may not be the hottest area in fintech, but the largest fintech company by far is a payment company.

Of all the new fintech uses, mobile payment is arguably the one in which traditional financial institutions have lost the most share. For example, Alipay and WeChat Pay already have millions of users although they have only been in the space a short time. Together, they processed 88% of all mobile payment transactions in China in 2015.

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