But one of the stumbling blocks on this path is Chinese mobile payment systems. Unsurprisingly, many overseas companies would love to take advantage of that. According to Statista, this number is expected to reach 1 billion by 2023. As of the beginning of 2019, more than 54% of Chinese shoppers were using third-party payment services the other 46% were divided almost equally between debit/credit cards and cash payments.Ĭhina has almost 650 million online shoppers. Integrating Chinese payment gateways: ConclusionĬhina’s e-commerce market has been growing by leaps and bounds in recent years, and it doesn’t seem to be stopping anytime in the foreseeable future.Challenges when developing a mobile app for China.We also have an article with general recommendations on launching an app in China, if you’re interested in a broader view. If you’re planning to enter the Chinese market, we want to offer you advice on selecting the best payment gateway. Setting up mobile payments in China is one of the largest obstacles foreign companies encounter when entering China’s online market. China is a mystery in many ways, culturally as well as economically.
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