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The players operating in the Asia Pacific mobile wallet market landscape are:
The companies present in the market are adopting inorganic growth strategies to develop a diversified & robust partnership network with associations and cooperative financing organizations, allowing them to penetrate various regional markets. For instance, in January 2019, Union Pay expanded its network of countries, accepting mobile payments, from its base of outbound Chinese travelers to over 46 countries. The additional features have allowed Chinese tourists to use the company’s mobile payment service across various overseas regions.