Alipay, the leading Chinese third-party payment platform, announced Saturday it is now the world's biggest mobile payment service.

According to data released by the company it had nearly 300 million registered real-name users, including 100 million who accessed services via mobile phones in 2013.

The companies mobile users made 2.78 billion transactions, valued at 900 billion yuan, or 148 billion US dollars. Alipay, a subsidiary of the Internet firm Alibaba Group, says its active mobile usership trumped its U.S. counterpart ’Paypal’ in the second quarter of last year.

Alipay, the leading Chinese third-party payment platform, announced Saturday it is now the world's biggest mobile payment service.