As China’s economic level continues to improve, many Chinese people are traveling overseas. What surprises everyone is that while most people in China use mobile phones to pay, they are still the majority in developed countries. People are using credit cards to pay, but few people are using mobile phones to pay. As a result, many netizens lamented that China is at the forefront of the world in the field of mobile payment.

However, some overseas Chinese in the United States also told us: In the United States, you can apply for a Bank of America credit card online in just a few minutes. It will be mailed to your home within a week after application, and you can get points after shopping. I can directly use this card to make purchases, and repayment is also very simple. I can directly link it to my bank account and repay automatically. If your credit card is stolen, call the bank immediately and the bank will be responsible for solving the problem for you and then send me a new card. Basically one credit card goes all over the world.

We believe that in addition to the convenience of applying for and using credit cards in developed countries, there are several major factors that allow mobile payments to survive in China, but there is no room for better market expansion abroad. stage.

First of all, China is a large country with a population of 1.4 billion. As long as more than half of the people have mobile phones, there will be a huge mobile payment scenario, and only then will there be the development of mobile payment technology. Now you can even use mobile payment to buy breakfast in China.

The total population in Western countries is not large, and at the same time, mobile payment is not unavailable abroad. Just enter your credit card number into Apple pay and PayPal. Although Apple Pay and PayPal are mobile payment tools for Americans, the vast majority of Americans don't like it and there is no need to use this function, because with a credit card, there is no need to use Apple Pay or PayPal.

Furthermore, although China is trying its best to catch up with developed countries economically, it still lags behind Western countries economically, and its national income is at a low level. The amount of mobile payment used by citizens is not a particularly big problem, so there is no need to worry about the security of mobile payment. Nationals in developed countries have been paying with credit cards issued by their own banks for decades, and this habit has been difficult to change.

Finally, for Americans, even in the era of mobile payment, or if you scan a QR code and the funds are transferred immediately, it feels as simple as playing a game. Obviously, Alipay has made the United States People lack a sense of security. What should they do if all the money on Alipay is transferred away? In fact, the credit payment system in Europe and the United States is not lagging behind. It has been running for decades and is safe, reliable and universal. Most Europeans and Americans believe that using a bank card issued by a bank is safer.

For developed countries in Europe and the United States, they have been using credit cards issued by banks for decades and feel that they are safe, reliable and convenient to use. In China, due to the development of Internet technology and the large young population. They do not have much savings and do not have high security requirements for mobile payment. Therefore, mobile payment is easy to popularize in China, but it is difficult to expand the market space in the United States.

Their credit card payment has become popular

1. The credit system in the United States is relatively sound

The credit system in the United States based on credit cards is very sound because of the popularity of credit cards. The rate is very high.

The credit card ownership rate for those over 65 years old is 68;

The credit card ownership rate for those aged 54-64 is 62;

The credit card ownership rate for those aged 30-49 is 55 ;

Therefore, the entire United States basically uses credit cards for payment, and their habit is that no password is required, just a signature is enough, and payment is very convenient.

However, with the development trend of mobile Internet, the proportion of younger generations choosing mobile payment is increasing, and the proportion of credit card owners is decreasing. The proportion of 18-29 year olds who have credit cards is 33 (of course, credit card holders The ownership rate is related to age (the ownership rate will increase as age increases). With the development of new technologies, young people have more choices.

When Americans apply for loans, one aspect of credit they examine is the use of credit cards, which also makes Americans more willing to use credit cards.

The American online payment platform PayPal is also very convenient. In short, American young people also have more choices for payment methods. Mobile payment is China's overtaking in the field of payment

Although China's credit card usage rate is growing rapidly, the per capita number of card holders was 0.17 in 2010 and 0.44 per capita in 2017. Considering that When one person holds multiple cards, the credit card holding rate in China is relatively low.

As for credit card ownership, the ownership rate of young people is much higher than that of older people. The credit card ownership rate of cities with more developed economies is also much higher than that of other cities.

The penetration rate of WeChat and Alipay is very high, almost every machine has one. When these two platforms promote mobile payment, it brings great convenience, and the penetration rate is faster and higher. Now It has almost reached a situation where you can handle all payments with just one mobile phone. It is really "the mobile phone in my hand, I have the world". Even the aunts who buy vegetables on the roadside hold WeChat payment codes and Alipay payment codes.

At the same time, WeChat and Alipay have launched "online credit cards" Huabei, Jiebei, and Weilidai, which promote the use of "credit cards" from another aspect and also strengthen the stickiness of mobile payments.

In short, although credit cards and mobile payments are convenient for many people, the use of credit cards must be done within one's ability at the individual level. What will be paid out will eventually be debt, which is rigid and must be repaid. .

Finally, I wish you a happy new year and a prosperous new year. Mainly engaged in equity design, mergers and acquisitions, amateur stock investor, and loves fighting

In China, mobile payment has become a trend, and almost all young people use mobile payment. Even many young people do not carry wallets when they go out. They can satisfy all payment problems with just their mobile phones. Mobile payments can be made with mobile phones in most shops, restaurants and other consumption places in cities and rural areas in China.

In the process of using mobile payment, we also feel the convenience and speed of mobile payment. We also often hear praises from international friends for China’s mobile payment. Mobile payment has become the key to the development of Chinese society. A big golden sign.

But what everyone doesn’t know is that the development of mobile payment in developed countries is very slow, and it is even difficult to implement in some countries. So why is such a convenient and fast mobile payment system not favored by residents of developed countries?

The reasons are as follows: 1. The credit card system in developed countries is already very complete.

Everyone knows the development process of the payment system. In ancient times, people invented currency and then used currency to trade items. At this time, people's payment system was cash payment. Later, as the items people bought and sold became more and more valuable, the amount of currency increased. Gradually banks appeared, large amounts of banknotes appeared, and certificates with logos were used to represent the amount of money deposited by customers in the bank. In modern times, we use bank cards with magnetic stripes as proof of deposits, and money banks have become today's banks. Because the development of technology has also led to the development of payment systems, bank cards with magnetic stripes can be transferred directly through POS machines. This is the prototype of modern mobile payment.

For different countries, the development status of mobile payment is different.

China's credit card payment is developing very fast, but their achievements are too short. The popularity of bank cards and credit cards is not high. With the rapid development of technology and the emergence of mobile payment, China's credit card payment has been completely defeated. So China can easily translate from credit card payment to mobile payment.

But it is different in developed countries. Credit card payment in developed countries has been very well developed. Residents in developed countries are accustomed to using credit card payments, and the infrastructure for credit card payment is already very complete. Using credit cards to pay in developed countries is as convenient as using mobile phones to pay in China, so since it is so convenient, residents of various countries are not willing to bother to change a payment method. 2. The network signal construction in developed countries is not as good as that in China.

Friends who have been abroad should know that the signal is not good in many places abroad. You must know that the British subway is still using 3g recently, and it will be updated to 4g next year. The subway in New York in the United States still does not have any signal, so you often see many people reading on the subway abroad. The reason why foreigners are eager to learn is that there is really no signal on the subway.

In China's rural and mountain villages, you often see towering signal towers. This shows that even in remote villages, China's telecommunications signal construction is still very complete, but in some developed countries, there is almost no signal tower. There is no signal. In the United States, many residents are equipped with fixed phones at home. They use fixed phones because the mobile signal is not good. It is precisely because of imperfect mobile signal construction that it is more difficult to implement mobile payment in developed countries than in China. 3. Residents in developed countries have a high awareness of the protection of private information.

This is not to say that mobile payment will lead to information leakage, but that developed countries have a stronger awareness of protecting private information than Chinese residents. As we all know, using mobile payment means that any money movement you make will be understood by the payment platform. Even where you have eaten and which hotel you have booked a room in, the mobile payment platform will know everything, and even We will recommend relevant content to you based on your consumption preferences. Although this will be very convenient and fast, it also means that our private information has no privacy in the payment platform system.

Generally speaking, the development time of mobile payment is still relatively short, and there are still many problems, which prevents mobile payment from being equally popular in any country.

But what is undisputed is that mobile payment is indeed a great progress in the payment system, and even represents the future development direction of the payment system, and China is already leading the world in the popularity of mobile payment. Yes, I believe that when mobile payment develops and improves in the future, China's mobile payment system will definitely stand proudly in the world.

Let me briefly introduce credit cards in the United States. I applied for a U.S. Bank credit card online. It takes about a minute to fill out the form, enter your name, social security number, annual income and other information, and you will get a reply in seconds: Congratulations on your application, the credit limit is 10,000 US dollars, and you will receive 25,000 points (compared to 250 US dollars) if you spend 1,000 US dollars in the first three months. . The credit card will be mailed to your home in about a week.

The whole process of applying for a credit card does not require meeting anyone, making any phone calls, or providing any forms (it is all in your credit card information). Done in three minutes.

With this thin credit card, I can buy a burger for two yuan, pay for street parking for 25 cents, and sell a car worth tens of thousands of dollars (the down payment is usually only a few thousand yuan) , you can travel around the world (cash can be withdrawn and spent in most places around the world). Repayment is also very simple, just link it to my bank account and repay automatically every month. What should I do if my account is stolen? Just called the bank and it was done. The bank took care of the problem and mailed me a new card right away for free. You can basically travel the world with one card.

What if I want to try mobile payment? It's very simple, just enter your credit card number into Apple pay and PayPal.

Of course, this is just taking off your pants and farting. Why do you need to input your phone and watch and then use your phone and watch to pay when a card can solve it? So even though Apple Pay and PayPal are American, they don’t like to use them and there’s no need for them.

China’s mobile payment is very convenient, but the credit payment system in Europe and the United States is not lagging behind. It has been running for decades and is safe, reliable and universal. I can’t say who’s better, I can only say that each has its own strengths.

〇Consumers in developed countries have become accustomed to using credit cards and do not feel any inconvenience, thinking that they are already very "advanced". It is difficult to change consumption habits after a long period of time.

〇There is a serious lack of investment in large-scale infrastructure such as the Internet. So-called developed countries such as Australia and New Zealand have sparse populations and insufficient mobile phone users. The investment cost of large-scale deployment of 4G base stations is high and it is difficult to recover funds. Financial capital groups have no huge profits to make, so the development of mobile Internet networks is slow. There is no mobile signal in the suburbs of big cities and small and medium-sized towns, so mobile payment cannot be popularized.

〇 Due to the relatively complete and large-scale mobile network infrastructure in China, most consumers have not experienced the "consumption card" era, and have overtaken the curve and directly entered the "mobile payment era" from the "cash payment era" ".

my country’s mobile payment has emerged since 2009. After 10 years of continuous development, the mobile payment market will reach 47 trillion yuan in 2020, 166 times that of the United States. So why are mobile payments not popular in developed countries such as Europe and the United States?

The main points are as follows: Mobile payment is not developed in developed countries

In the eyes of many people, the so-called developed countries are those in all fields such as economy, military, technology, finance, education, etc. Very developed. Developing countries are underdeveloped in all aspects. In fact, this idea is not entirely correct.

Our country is a developing country, but it is also the second largest economy in the world. It has surpassed developed countries in many aspects, such as mobile payment.

Mobile payment requires two basic conditions: network and smartphone

Network:

If I say that China’s network is developed, you may sneer at it. But this has become a fact.

In China, even in the most remote villages that have not yet built a good road, you can definitely find a built 4G base station there. No country in the world can rival China in terms of 4G network. For example, in developed countries such as the United States, the United Kingdom, or Japan, no city can compare with this scale.

China has 1.204 billion users connected to 4G base stations, which is 20% higher than the total number of 4G users in all other regions of the world. Guizhou has achieved 100% 4G coverage, and Yunnan, which is under construction, has also reached a coverage rate of 65%.

There is no mobile payment without the Internet. In developed countries, the network in remote rural areas is very poor, so mobile payment cannot be completed. In our country, rural networks have also been covered, which is more suitable for the development of mobile payment.

Smartphones:

There is a survey on the penetration rate of smartphones:

The survey results show that in terms of smartphone penetration rate, South Korea ranks highest with a ratio of 94 Ranking first in the world, second only to South Korea is Israel, with a penetration rate of 83, followed by Australia (82), Sweden (80), and the Netherlands (80). China's smartphone penetration rate is 68, which is at the mid-range level in the world.

Are you asking, if China’s smartphone penetration rate is not high, why is mobile payment more popular than South Korea and Australia? This involves an issue - population size.

South Korea has a population of 51.7 million and Australia has a population of 25.36 million. Even if the smartphone penetration rate reaches 100% and everyone, including the elderly and children, uses mobile payment, it will only be a market of tens of millions of people.

Our country has a population of 1.4 billion. Even if half of the people use smartphones to make mobile payments, this is still a market of 700 million people. It can be said that it is not on the same level at all.

Therefore, in terms of the most basic hardware, China is more suitable for the development of mobile payment than developed countries. Ideologically unacceptable

In developed countries, especially the United States, mobile payment has always existed, but in many cases it is not accepted.

In the United States, people are more accustomed to using credit cards. Credit card application is very convenient. Just provide your identity information and the credit card will be mailed to your home in a few days. Because of the convenience of credit cards, Americans are also accustomed to using credit cards.

The United States has experienced several financial crises. The Great Depression in 1929 and the subprime mortgage crisis in 2006 caused great damage to the economy. The lives of ordinary people were also miserable. People deeply felt about the financial crisis. The fear also hinders the development of mobile payment, because only by holding cash can you feel safe.

In addition, there are cultural differences and different consumption habits. As a country that uses large amounts of cash, people in Japan are accustomed to cash consumption, while small and medium-sized enterprises, including the Bank of Japan, are unwilling to adopt an open policy. The targets of mobile payment in Japan are mostly Chinese tourists and international students.

It can be said that developed countries such as Europe, the United States and Japan do not accept mobile payments ideologically. Worry about privacy leakage

There is another big reason why mobile payment is not popular in developed countries, and that is - fear of privacy leakage.

Mobile payment is launched as a third-party platform. Real-name authentication is required before use. Personal ID number, mobile phone number, home address and other relevant information must be filled in clearly. Then there is a risk that this information will be leaked on the Internet, and when we use mobile payment for transactions, the information may be intercepted and then used illegally.

What’s more, third-party platforms will sell personal information. For example, 4 billion pieces of private information were leaked from YTO Express. The possibility of privacy leakage is very high, which is what worries people in developed countries that pay more attention to privacy.

It is precisely because of concerns about privacy leaks that developed countries have always attached great importance to the protection of personal privacy. For example:

The "Personal Data Protection Act" promulgated by the German state of Hesse in 1970 is the earliest domestic law on the protection of personal information.

United States, Federal Trade Commission "Do Not Call" service In the United States, telephone companies or post offices can sell information such as users' phone numbers and home addresses to specialized advertisers for profit.

In Japan, once a company leaks confidential information, it will be fined or sentenced.

Although developed countries have always attached great importance to personal privacy protection, most foreigners do not trust mobile payments. In their view, as long as transactions are conducted online, privacy issues will always be involved. In the information age, , the leakage of personal privacy is even more inevitable.

Therefore, no matter how convenient mobile payment is, people in developed countries who value personal information are unwilling to use it. Reasons for the widespread popularity of mobile payments in my country

As early as 1999, China Mobile cooperated with financial departments such as Industrial and Commercial Bank of China and China Merchants Bank to start mobile payments in some provinces and cities such as Guangdong. Business pilot. With the rise of smartphones in 2009, mobile payment in my country began to develop rapidly.

In 2003, Alipay entered mobile payment, and in 2004, Alipay officially became a third-party mobile payment platform;

In 2010, the Mobile Payment Alliance was formed; in 2013, WeChat opened the mobile payment function, and in 2016, China The People's Bank of China officially recognized the payment status of QR codes for the first time.

The number of mobile payment users in China was 733 million in 2019, and will increase to 790 million in 2020.

China’s mobile payment market will reach 47 trillion in 2020, which is approximately 166 times that of the United States.

Nowadays, whether it is a city or a village, whether it is a shopping mall or a roadside food market, you can use Alipay or WeChat to pay for your bills everywhere, and payment codes and payment codes have become daily payments.

The reasons why mobile payment is generally popular in my country are the following points:

1. The rapid development of mobile Internet and the popularity of smartphones

China Mobile, China Unicom, and Telecom The three major operators have 6 million base stations, 17 times that of the United States. my country's rural and remote area networks are far superior to those in developed countries in Europe and the United States, and can fully support the use of mobile payments.

The number of smartphone users in our country has reached 655 million, which is almost three times that of the United States, and far exceeds that of other European countries. In addition, the thousand-yuan phones produced by Huawei, Xiaomi, OV, and others have made significant contributions to the popularity of smartphones in our country and laid the foundation for the development of mobile payment. This has helped mobile payments penetrate into various life scenarios.

2. Alipay and WeChat strongly support mobile payment

As my country’s Internet giants, Alibaba and Tencent have made great contributions to the promotion of mobile payment.

Alipay and WeChat have given merchants and consumers great benefits in promoting QR code payment, including no handling fees and red envelopes for first use.

3. Chinese people are more receptive to new things

Since the reform and opening up, things from the outside have continued to pour into China, such as mobile phones, televisions, MP3s, smartphones, high-speed rails, and airplanes. As we enter the country one after another, we know how to adapt and are more likely to accept new things from the outside world.

Mobile payment has come to the stage and has won the favor of many Chinese people for its speed and convenience, which has led to its rapid popularity. Summary of Q&A

The main reasons why mobile payment is not popular in developed countries are as follows:

I am Tech. Mingcheng. The above is my answer. I hope I can help you. If there is anything wrong, please criticize and correct me!

In my opinion, there are three main reasons:

First of all, developed countries have relatively complete online and offline payment systems. There is a mature PayPa system online and offline payment systems. Full of bank card (credit card) payment networks. For us, we can travel all over the world with one machine, while for Westerners, we can travel all over the world with one card. The convenience of the two is actually about the same. Therefore, we are not very willing to use mobile phones for mobile payment.

Secondly, people in developed countries are worried about the information obtained through mobile payment, which is also one of the main reasons why countries and citizens are reluctant to accept this form of payment too much. Countries including Japan and Germany have made clear concerns about the hidden dangers of information leakage caused by mobile payments. This is even more unacceptable in Western societies and developed countries that respect privacy.

Thirdly, the penetration rate of smartphones in developed countries is not as high as ours. There is no data to support this statement, it is just my observation after traveling in some European countries. Since the popularity of iPhone 4, iPhone has become a "necessity" that many Chinese people need to buy even if they are frugal. At that time, the last option was to buy a Samsung or other domestic smartphone (domestic smartphones at that time were far from as good as they are today) . In Europe, in addition to young people holding iPhones in their hands, brick phones such as Nokia and Motorola can be seen everywhere. To this day, many people still have no intention of trying to accept smartphones. This hinders the large-area coverage of mobile payments.

In fact, this can also be seen as another problem: the inertia of the incumbent.

Due to the existence of sunk costs, first movers in the "comfort zone" are unwilling to carry out breakthrough reforms, while late movers, as chasers, always want to seize opportunities and replace first movers. With its position, it can carry out a large number of innovations in technology, products, etc. without "historical baggage", thus surpassing the first mover in one fell swoop and gaining an advantage.

In other words, in the past, Western countries, as pioneers, were addicted to the "comfort zone" of credit card payment and were hindered by this, failing to make a big step into mobile payment. So, in the future, is it possible that China will be addicted to the "comfort zone" of mobile payment and turn a blind eye to new things?

Late movers can often "free ride" on the achievements of first movers, stand on the shoulders of giants, and take a big step forward. However, what the "giants" want to avoid is to "take a leap" in the "we" The fantasy of "very powerful" is fading away.

of0 gold pressing problem! ! ! !

It is possible to map the risks of Alipay and WeChat payment, but the key is that many people do not understand it. Now there may be trillions of cash flowing into the WeChat payment circle, and there will be a handling fee for cash withdrawals. What does this mean? The purpose is to reduce the outflow of cash entering the circle. For example, A, B, C, and D each pay me 10,000 yuan. If I have 40,000 yuan, I will invest it elsewhere. I am responsible for accounting. A, B, C and D each have 10,000 yuan each. One day A buys items from B for 100 yuan. I keep accounts for A 9,900 and B 10,100. One day B buys items C for 200 yuan. I keep accounts for B 9,900 and C 10,200. One day, C I purchased D's service for 300 yuan, and I recorded 9,900 for C and 10,300 for D. One day, D purchased goods A for 100 yuan, and I recorded 10,000 for A and 10,200 for D. But the 40,000 yuan in my hand remains untouched. One day, A, B, C, and D suddenly need cash, and I can't get it, so there will be trouble. Of course, WeChat payment has spread all over the country and will not be felt for a short time, but the potential risk exists because it is actually within the WeChat circle. If someone transfers trillions of dollars abroad, and the WeChat only contains numbers, the consequences will be disastrous.

The reason is: only Chinese people think mobile payment is good.

First of all, it is undeniable that mobile payment is indeed more convenient, this is true. But does such convenience necessarily bring benefits? In fact, a major drawback that comes with it is that it reduces the ritual sense of consumption.

From our initial cash payment, or like the previous "dispensing nine cents of money", there is a strong sense of ritual, which makes me clearly know that I have spent money, and I take out a piece of blue or gray, or The pink hundred-dollar bill made us truly realize that our money was reduced.

Then there are bank cards, mainly savings cards. You can’t see the money, only numbers, but you still have to enter a password later, which greatly reduces the sense of ritual. The guilt of consumption is not that strong.

In the era of credit cards, banks have been instilling the idea that with a credit card, you are spending the bank's money, but they will not tell you that the bank's money also needs to be repaid.

In the era of mobile payment, you can either scan a QR code or scan a QR code, and the funds will be transferred immediately. It feels like playing WeChat or Alipay games.

The increasingly weak sense of ritual will definitely lead to an increase in the impulsiveness of consumption. Therefore, one should be vigilant.

Be invited to answer industry questions.

In developed countries such as Europe and the United States, mobile payment is not as popular as in China. There are certain technical reasons, but it can also be said that it is not a technical reason. The biggest difference between Europe and the United States and China is that the banking industry is highly developed, and the banking industry basically controls the economic systems of European and American countries.

The banking groups in Europe and the United States are very powerful. "Wall Street" basically controls the economy and politics of the United States. The existence of large consortiums is basically based on the banking industry. The developed banking industry controls developed countries in Europe and the United States. economic lifeline. After a long period of development and integration, the banking industry has basically reached out to all aspects of developed countries in Europe and the United States.

On this basis, developed countries in Europe and the United States already have a complete credit card system, in which the issuance, swiping, and repayment of credit cards involve astonishing benefits.

For this reason, it is impossible for mobile payment to become popular in developed countries in Europe and the United States. Even if there is a slight sign, various attacks on the banking industry will come overwhelmingly, killing one or two companies. For the banking industry It's a piece of cake.

In fact, China's mobile payment has also touched the cake of the banking industry. At this point, the Chinese state has consciously suppressed the banking industry and set up obstacles to mobile payment. Without the acquiescence of the state, it would be impossible for Alipay and WeChat’s Tenpay to develop, and there would be no mobile payment in China.

The coverage problem of mobile Internet in Europe and the United States is also an important reason why mobile payment cannot be promoted.

Mobile Internet coverage in developed countries in Europe and the United States is not as good as many people imagine. As far as Europe and the United States are concerned, operators are private companies. In order to pursue profits, they only build base stations in densely populated areas, and their capacity is also limited. Concentrate on areas that can bring them high profits, and for areas outside of that, sorry, no signal.

Only China’s three major operators are state-owned enterprises. Under the guidance of the Ministry of Industry and Information Technology, whether it is fiber coverage or base station coverage, they are far behind developed countries in Europe and the United States. .

This can also be seen in the phone booths all over the streets in Europe and the United States. Every household has a landline and a voice mailbox. In terms of mobile communication coverage, Europe and the United States are not developed and are far behind compared with China.

Without mobile Internet coverage, there would be no basis for mobile payment.

All in all, because the banking industry in developed countries in Europe and the United States is too developed and has a great influence on national economic policies, and the mobile network coverage in Europe and the United States is too poor, it is impossible for mobile payments to rise. , which prevents mobile payment from becoming a mainstream payment method.