alipay Archives - Marketplace

How can mobile payments in China be greater than GDP?

by Jennifer Pak

Jan 22, 2019

Some listeners balked when we reported $23 trillion in mobile payments there in 2016.

Mobile payments made through third-party providers like Alipay bring China's total mobile payment transactions in 2016 to around $38 trillion.

Johannes Eisele/AFP/Getty Images

SUBSCRIBE

Need some Econ 101?

Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.