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.