Alipay & WeChat payments have risen to $2.9 trillion

The UN sponsored Better than Cash Alliance is out with an interesting report on FinTech and payments in China. According to their recent research, Alipay and WeChat payments have risen from transactions of less than $81bn (RMB 1 trillion) in 2012 to an estimated $2.9 trillion (RMB 20 trillion) in 2016. That is incredible. Read more: