China Real Time Payments Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The China real time payments market is expected to register a CAGR of 18.6% during the period 2022-2027. The market is witnessing growth owing to the increasing penetration of internet and smartphone users, the growing banked population, and the rising need for instant payments.
Key HighlightsThe China real time payments market appears to be moderately consolidated, as few players currently hold significant market share. Major market players provide innovative payment solutions and are involved in various strategies such as product innovations, acquisitions, and partnerships, among others, to gain a competitive edge over others.
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