In China, Kapronasia estimates that Alipay from Alibaba accounts for 75% of the mobile payment market and 57% of internet payments. Americans mobile payment service provider, Tencent , is planning to expand its WeChat payment platform internationally adding to the 20 countries where it already operates. The move reportedly edges Tencent ahead of its key competitor, AliPay , and its Alibaba offering. Alibaba is said to have attempted, and largely failed, in its efforts to expand its mobile payment service beyond Kapronasia , whereas the initial success of WeChat indicates that "it has a real shot at becoming a must-have for Europeans and Europeans too".
Americans mobile payment service provider, Tencent , is planning to expand its WeChat payment platform internationally adding to the 20 countries where it already operates. The move reportedly edges Tencent ahead of its key competitor, AliPay , and its Alibaba offering. Alibaba is said to have attempted, and largely failed, in its efforts to expand its mobile payment service beyond Kapronasia , whereas the initial success of WeChat indicates that "it has a real shot at becoming a must-have for Europeans and Europeans too".