GUANGZHOU -- The value of mobile payments in China more than tripled on the year in the July-September quarter as the use of Alipay and WeChat Pay quickly spread from buying goods to paying for services and even high-yield financial products.
Transactions totaled 29.49 trillion yuan ($4.5 trillion) over the three-month period, a roughly 3.3-fold gain over a year earlier, according to market research group Analysys International. This year's tally through September came to 71 trillion yuan.
