The analysis of critical factors for mobile payment competition in China-evidence from Alipay

Last modified: October 26, 2019
Estimated reading time: 1 min
Project Title: The analysis of critical factors for mobile payment competition in China-evidence from Alipay
Author: Mr. Liu Wan
Advisor: Dr. Chen Chih Hung
Degree: Master of Business Administration
Major: Business Administration
Faculty: Graduate Schools
Academic year: 2017

Citation

Liu, Wan. (2017). The analysis of critical factors for mobile payment competition in China-evidence from Alipay. (Independent study, Master of Business Administration). Bangkok: Siam University.


Abstract

The financial industry has witnessed the so-called “fintech revolution” in recent years. Due to the emergence of information technologies such as cloud computing, big data, blockchain and artificial intelligence, the landscape of the traditional financial industry has been largely transformed.

With the popularity of smartphones and networks, mobile payment becomes more and more important. China has a population of 1.3 billion and is the largest mobile payment market in the world, Backed by the e-commerce giant Alibaba, Alipay has become the world’s largest mobile payment system. Together with Wechat Pay, they dominate China’s $5.7trn mobile payment sector. Alipay has a presence in over 70 countries including the UK, US, Japan, South Korea and Australia.

Alipay is China’s most successful mobile payment. Why Alipay can achieve such great success in just a few years? Why other companies can not shake Alipay’s position? This article uses qualitative research and research design and data collection and induction method strategies to analysis of critical factors for mobile payment competition in China-evidence from Alipay.

 

Keywords:  mobile payment, Alipay, critical factors, competition.


The analysis of critical factors for mobile payment competition in China-evidence from Alipay

International Master in Business Administration (IMBA), Siam University, Bangkok, Thailand

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