China’s mobile payment penetration rate ranks first in the world.

Nowadays, mobile payment is available in even the most remote places in China, from the roof of the world, to Mohe at minus 35 degrees Celsius, to the floating fishing villages in Hainan. China's mobile payment penetration rate has reached 86%, ranking first in the world.

In the field of mobile payment, a phenomenon has emerged. The development of mobile payment in areas with high credit card penetration such as the European Union is slow, but the development of mobile payment in developing countries is very rapid.

According to the latest news from foreign media, a recent report released by a professional organization shows that among the world's top ten mobile payment markets, eight are in Asia, with China's mobile payment penetration rate ranking first in the world.