Even in third-tier cities, even street stalls on many roads are paid by Alipay and WeChat! It can be said without modesty that China has taken the lead in developing mobile payment worldwide, leading the development trend of global mobile payment.
According to the 20 17 Digitization, Trade and Development Report issued by the United Nations Conference on Sharing and Development, with the increasing importance of electronic payment means, the proportion of global cash and payment cards will drop to 46% by 20 19. Secondly, according to the current development trend, in the next two years, the use of mobile payment will surpass cash and credit card payment in the world, not just in China. However, in fact, not only some first-tier cities in China, but also many cities have achieved full coverage of mobile payment last year! In this respect, China is at the forefront of the world!
In the report, a very important conclusion is that mobile payment will subvert the dominant position of credit card payment.
According to the United Nations report, in 20 14, the amount paid by credit cards and debit cards still accounts for more than half of the total payment in the field of e-commerce. But before 20 19, the proportion of payment cards will drop to 46%, because other payment methods such as electronic wallet are becoming more and more important.
MukhisaKituyi, Secretary-General of UNCTAD, attended the meeting and pointed out that the digitalization of economic activities has been pushed to the fast lane on a global scale. It is worth noting that the digital economy is expanding rapidly in developing countries.
In China, according to the report recently released by Internet research institution Analysys International, the third-party mobile payment market in China reached 23,040.82 billion yuan in the second quarter of this year, up 22.5% from the previous month.
Analysys International reported that the rapid growth of financial transactions and other factors further promoted the growth of the overall transaction scale of the Internet online payment industry. Leading Internet payment vendors continue to dig deeper into the usage scenarios of online payment, and the user activity of online lending, wealth management, games, education and other platforms has greatly increased, and the number of new users has increased significantly.
The development of mobile payment in China is definitely in the forefront of the world. With the popularity of Internet giant BATJ in China, the penetration rate of mobile payment is very high even in rural areas.
The China Payment and Clearing Development Report (20 17) recently released by the National Finance and Development Laboratory (NIFD) shows that in the field of offline payment, with the continuous enrichment of payment scenarios, consumers have become accustomed to using third-party payment tools in offline physical consumption fields such as shopping malls, supermarkets, convenience stores and restaurants, and this habit has gradually spread from first-and second-tier cities to low-tier cities, eliminating the consumption of cash and wallets.
According to CNNIC's Statistical Survey of Internet Development in China, the proportion of online shopping by mobile phones in physical stores has reached 50.3%, even in fourth-and fifth-tier cities, the proportion has reached 43.5% and 38% respectively, and the proportion in rural areas has reached 3 1.7%.
It is worth noting that 20 16 should be regarded as a landmark year for the outbreak of mobile payment in China.
Fan Yifei, deputy governor of the central bank, previously revealed that in 20 16, the number of mobile payment services in China exceeded Internet payment for the first time, marking the arrival of the mobile payment era in China retail payment market. According to the data of iResearch, at the end of 20 16, the transaction scale of third-party mobile payment reached 38.5 trillion yuan, which was twice that of Internet payment. It increased by 2 15.4% year-on-year, and the growth rate was more than twice that of 20 15.
According to the NIFD report, it can be found that 20 16 personal applications have sprung up and become the main choice for consumers to use mobile payment through the structural breakdown of the transaction scale of third-party mobile payment. According to a survey, the proportion of mobile payment has surpassed that of cash and bank cards in the main offline consumption areas of first-tier cities in China, such as catering, entertainment, shopping and other industries, and consumers' habit of using mobile payment has gradually developed.
As can be seen from the above, Alipay and WeChat payment in China have led the trend of mobile payment in the world!