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01 Who?

n Thu▓rsday.Cash on delivery also held 8 percent of market share, with bank transfers taking the r▓emaining 7 percent of market share in 2016.The repor▓t predicted that as the e-commerce market in China matures▓ over the next five years, e-wallets are set to decline by 10 percentage points to a 46 perc▓ent market share as other payment methods s

02 What?

tart to inc▓rease in popularity among Chinese cons▓umers."The growth of the Chinese e-commerce market▓ is highly significant and can be b▓est exemplified by China's recent shoppi▓ng spree, the Double 11, in which sales volumes achieved a record," said Tang Kok San, m▓anager in charge of Worldpay's business i▓n China.Tang added the Chinese e-comm

03 Why?

erce market is maturing, as local consumers started to mirror the behavior of western consumers, both in wha▓t they were shopping for and how they w▓ished to pay."This could slightly dilute the huge market share e-wallets currently hold, but the most popul▓ar payment method will still rule in Chinese e-commerce in 2020," Tang▓ added.As e-comm

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erce gradually penetrates different aspects of people's

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day-to▓-day lives, people are set to see a diversificat

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ion in the range of payment me▓thods merchants offer to a

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ddress these changing pref▓erences, the report found.Cred

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it cards are expected to go up slightly from 11 percent

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to▓ 14 percent and debit cards should also increas▓e fro

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m 11 percent to 13 percent by 2020. However, e-walle▓ts a

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re still likely to be king in 2020, the report added▓.The

ed by debit cards and credit cards, both with 11 percent of the payments market, the London-listed Worldpay said o