PayPal became the owner of China's first wholly foreign-owned payment platform, increasing its stake in GoPay from 70% to 100%. In 2018, the volume of mobile payments through unbanked platforms in China was Β₯167.83 trillion, up 59.7%. Reportlinker estimates that mobile payments via third-party platforms will continue to be in higher demand than mobile banking and reach 58.1% market share by 2026.
PayPal became the owner of China's first wholly foreign-owned payment platform, increasing its stake in GoPay from 70% to 100%. In 2018, the volume of mobile payments through unbanked platforms in China was Β₯167.83 trillion, up 59.7%. Reportlinker estimates that mobile payments via third-party platforms will continue to be in higher demand than mobile banking and reach 58.1% market share by 2026. 
globaltimes.cn
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