China payments market, 2019

China payments market size, players and global reach.

Long story short:

• Total retail sales: $5.6 trillion (forecasted 2019)

• Ecommerce Sales: $2 trillion (forecasted 2019)

• Historical economic growth: +/- 30% Y/Y

Check the details on below slide, prepared by PayPal team :) Great job, great overview, scary for rest of the world! However, in ePayments we have a 2 strong players for the whole country - Alipay and WeChat Pay. I was writing about those 2 in my last article here. Check why they won the market.