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WeChat Pay Expands to the U.S.

Card payments did not have the decades-long advantage over mobile phone-based payments in China that was true in much of the world. Mass availability of payment cards began with the establishment of UnionPay in 2003. By 2006, Alipay mobile phone-based QR code payments were also available to China’s consumers. With 450 million active users, Alipay is now as popular as UnionPay. Most Alipay transactions are settled directly with China’s banks, bypassing UnionPay. The same is true for QR code-based person-to-person and point-of-sale payments from WeChat Pay. WeChat is a mobile social netwo...

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March 2017
Headlines in this Issue
Charts in this Issue

Canada’s Market Shares of Purchase Volume 2016

Canada Shares of Purchase Transactions by Brand

Canada General Purpose Cards 2016 vs. 2015

Purchase Volume in Canadian Dollars

General Purpose Credit Card Issuers in Canada 2016 – Ranked by Outstandings

Market Shares of Visa & Mastercard Outstandings 2016

Second 50 Largest Visa & Mastercard Credit Card Issuers in the United States – Ranked by Outstandings