Alt payments now preferred over cash and cards for e-commerce in China
Alternative payment methods such as mobile and digital wallets dominate the e-commerce space in China, displacing cash and cards as the most preferred payment method, with a 67.3% market share in 2023. GlobalData’s E-Commerce Analytics reveals that Chinese e-commerce market is expected to register a 11.9% growth in 2024 to reach CNY17 trillion ($2.4 trillion), […]
