WeChat Pay vs Alipay process 300T+ RMB ($42T) annually. WeChat Pay ~40% share, 1.3B social users, red packets, 3M+ Mini Programs. Alipay ~45% share, 900M users, Taobao integration, Huabei credit, Yu'e Bao. QR payments universal in China, 10B+ daily transactions combined, expanding to 60-70 countries worldwide.
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