Slide 2 of 7
American Express, or any other payment provider that is ultimately accepted to operate in China, doesn't have to contend with a chaotic mobile payments landscape in China, where the market is already dominated by just two brands. Alipay, with over 400 million users, and WeChat Pay, with 1.4 billion users, cover nearly 90% of the population.

Those wallets are so widely used that an Aite Consulting Group forecast predicted in the coming years these mobile payment models could overtake plastic card payments in China.