Dublin, Sept. 16, 2020 (GLOBE NEWSWIRE) -- The "Asian Mobile Pays Continue High Growth, But U.S. Market Expansion Stalls" report has been added to ResearchAndMarkets.com's offering.
Mega payment apps Alipay and WeChat pay have been gaining traction in the U.S. market through availability at thousands of merchants. COVID-19 plus trade tensions and politics have put an abrupt end to the stream of travelers from China to the U.S. who would use these acceptance locations with their homegrown mobile apps while on vacations, business trips and traveling to the states for academic reasons.
These mobile payment services are available only to Chinese nationals and are not a direct challenge to U.S. card networks and issuers, but the similar use of QR code based mobile payments, integrated within a retail app, is beginning to emerge through pilot programs, giving a glimpse of what may come.
Highlights of the report include:
Key Topics Covered:
1. Executive Summary
3. Asia Pays' U.S. Market Plans Get Crushed By COVID-19 Induced Retail Shutdown
4. Alipay and WeChat Pay Continue Unwavering Growth in China
5. Could These Apps Supplant Card Payments in the West?
For more information about this report visit https://www.researchandmarkets.com/r/ks3o0v
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