As per both companies, over a billion Chinese consumers spent more than USD 12.8 trillion combined on mobile wallets in 2017, which means that the mobile wallet market has a considerate position in the world.
Southern California-based East West Bank focuses on the Greater China and US markets, and has more than 130 locations worldwide. On the other hand, Alipay is the mobile payment solution from Ant Financial, and it operates in more than 40 countries around the world.
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