1. Market Research
  2. > Financial Services
  3. > Banking
  4. > Payments Market Trends
Global and China Mobile Payment Industry Report, 2019-2025

Global and China Mobile Payment Industry Report, 2019-2025

  • June 2019
  • 210 pages
  • ID: 4627129
  • Format: PDF
  • By Research In China

Summary

Table of Contents

Global mobile payment market springs up as smartphones prevail, “internet plus” spreads and technology advances. Globally in 2017, people in the three countries China, Norway and Britain most favored mobile payment. In China, nearly 47% people used the way to pay and the shares of Norway and Britain were 42% and 24%, respectively, compared with a mere 17% in the US. By the user numbers of mainstream mobile payment platforms, WeChat Pay came to the top spot with 600 million users; Alipay followed with 400 million; PayPal claimed 210 million users, ranking third; Apple Pay was positioned fourth with 87 million users.

Till December 2018, Chinese mobile netizens numbered 817 million, a staggering 98.6% of whom got connected to the Internet via their mobile phones. 583 million, or 71.4% of the total number of mobile netizens, paid online using smartphones, with an annual growth rate of 10.7%.

The prevalence of mobile internet and the high penetration of online shopping set the stage for expansion of mobile payment in China. In 2018, the country’s mobile payment size soared by 58.62% to RMB467.9 trillion on the previous year, of which banking payment institutions handled 60.531 billion transactions, RMB277.39 trillion in value, surging by 61.19% and 36.69% on an annualized basis, separately. China leads the world in mobile payment business, with electronic payment as a percentage of as high as 71.4% in the country in 2018. It is predicted that the Chinese mobile payment market will be worth as much as RMB1,800 trillion in 2025.

Mobile payment industry is still brisk in 2019. Although the tighter oversight by the People’s Bank of China (PBOC) poses challenges to mobile payment operations, it brings new vitality. The limit of payment by scanning static barcode, which is specified in Standards for Barcode Payment Business (YF [2017] No.296) (hereinafter referred to as No.296 Document), may be a boon for industries such as dynamic barcode display equipment and smart POS device. Opportunities in the mobile payment industry of China from 2019 to 2025 cover the following:

Near field communication (NFC) payment products: NFC payment is welcome by mobile payments users as the State launches a range of policies to encourage and guide them to use and the 5G technology is beginning to flourish. Beyound that, the No.296 Document defines a cap of RMB500 on daily payment via static barcode, which is unquestionably good news for banks to develop NFC payment products.

Pay with face: the maturing AI technology enables pay with face to be a new mobile payment option for young people in the first- and second-tier cities that set an example for the third- and fourth-tier cities to popularize this payment method. Despite being left behind a little, cities at lower levels still have immense potential to adopt the way to pay according to the standards formulated by the first-tier cities.

Global and China Mobile Payment Industry Report, 2019-2025 highlights the following:
Global mobile payments market (size, enterprise pattern, development in countries like the US, Japan and India,etc.);
China mobile payments market (regulatory policies, size, structure, enterprise pattern, etc.);
Mobile payment market segments (mobile banking, third-party mobile payment, NFC payment, QR code payment, etc.);
Characteristics of Chinese mobile payment users;
Industries related to mobile payment in China (mobile netizens, smartphone, smart POS device, etc.);
16 key global and Chinese mobile payment companies (operation, development strategy, etc.).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Connected Consumer Survey 2018: digital services in the Middle East and North Africa

Connected Consumer Survey 2018: digital services in the Middle East and North Africa

  • $ 4999
  • March 2019

"A perceived lack of security overtook usability as the greatest obstacle to mobile commerce in the Middle East and North Africa."This report focuses on aspects of Analysys Mason's Connected Consumer Survey ...

Fraud and Security in Global Online Payments 2019

Fraud and Security in Global Online Payments 2019

  • $ 2200
  • July 2019

Double-digit growth rates predicted for online payment fraud losses worldwideThe rising costs of online payment fraudThe level of online payment fraud is on the rise worldwide, as more consumers turn to ...

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)

  • $ 2750
  • June 2019

Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including Consumer Survey Insights)SummaryGlobalData’s ’Payments Landscape in New Zealand: Opportunities and Risks to 2022 (including ...


ref:plp2019

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on