• Source: Mobile payments in China

China is one of the world's leaders in the adoption of mobile payments. Widespread adoption of mobile payments in China has facilitated the growth of e-commerce in China and growth in the retail banking sector.




Development


China is one of the world's leaders in consumer internet and mobile payments.: 130  In most parts of the developed world, credit cards have been popular since the second half of 20th century but were not widespread in China.: 130  China's wide adoption of mobile payments without significant credit card usage is an example of leapfrogging development.: 130 
The increase of mobile payment systems such as Alipay and WeChat Pay have facilitated the rapid rise of e-commerce in China. Mobile payment platforms help simplify the transaction process and ensure the security of transactions to win the trust of consumers. Therefore, the mobile payment system has completely changed the daily life of the Chinese people and the future business model. The rise of e-commerce has in turn facilitated the further rapid adoption of digital payment and mobile wallets.: 2 




See also


E-commerce payment system
Payment services provider
Mobile payments in other Global South countries:
Mobile payments in India




References

Kata Kunci Pencarian:

• Samsung Pay
• Alipay
• IPhone 6
• Mata uang digital
• WhatsApp
• Meta Platforms
• Amazon (perusahaan)
• GoTo Gojek Tokopedia
• Jaringan Bitcoin
• Daftar perusahaan rintisan unikorn
• Mobile payments in China
• Mobile payment
• Alipay
• WeChat Pay
• Mobile payments in India
• China Mobile
• UnionPay (application)
• QR code payment
• Mi-Pay
• Contactless payment