The undated photo shows Alipay and Wechat, the two major mobile payment tools in Chinese market. [Photo: ifeng.com]

Alibaba's mobile payment system Alipay, announced on Tuesday that it will not charge its users for withdrawing cash following speculation by users.

This comes two days after Internet giant Tencent confirmed it planned to charge its WeChat users for withdrawing cash vis its system.

Users of the popular messaging app will be charged 0.1-percent for every cash withdrawal transaction through WeChat starting next month.

However, WeChat will allow every user to withdraw 1-thousand yuan without a fee at the beginning.

Alipay and WeChat Payments now dominate China's mobile payments market, while Apple Pay will be launched in China from 5 am on Thursday.