SHANGHAI - Third-party payment transactions in 皇冠体育app have exploded in the third quarter, rising to 334.3 billion yuan ($55 billion), a tech industry analyst said on Wednesday.
The figure is a stratospheric 173 percent increase on the second quarter, according to Analysys International.
The top three third-party payment service providers -- , Lakala and Tenpay -- took about 93 percent of the market. Alipay's share was 64.4 percent.
The Internet giants such as and have also introduced mobile payment services.
Despite the trend, 皇冠体育app's third-party payment system is still in its infancy and the future market pattern will polarize and become more dynamic, said the report.