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November 28, 2018 • Living Technology, Electronic Payments •
Mobile payments have become a global trend: even if we do not have a portfolio, we can pay the bills in restaurants and convenience stores even if we use smart phones or even smart watches. Market research firm Merchant Machine recently released a report that China is currently the most popular place for global mobile payments, followed by Norway and the United Kingdom. The most popular electronic payment method in the world is the WeChat Pay WeChat wallet, which has 600 million users in 2017.
Market research firm Merchant Machine has released a study report on mobile payments: Mainland China has the highest penetration rate (47%), followed by Norway (42%). 10% to 25%. In addition to mainland China, Japan ranks 4th (20% penetration) and Singapore 7th (17% penetration).
In terms of the number of mobile payment device users, China Mobile Payments Corporation ranks first in the WeChat and Alipay rankings, with 600 and 400 million users respectively, followed by 210 million PayPal and Apple users , 8,700 Apple Pay users. Ten thousand people. The number of users of Samsung Pay and Android Pay is respectively 34 and 24 million.
In terms of transaction volume, the amount of the transaction paid by mobile payment in 2017 is expected to reach 3.1040 billion US dollars. This figure is expected to reach 4,260 billion US dollars in 2018 and reach 13.9790 billion US dollars in 2022. The commercial opportunities for mobile payments and electronic payments are enormous.
The highest mobile payment penetration rates of the top 10 countries in the world are:
1st place: China: 47%
2 people: Norway: 42%
3 digits: UK: 24%
4 digits: Japan: 20%
5 digits: Australia: 19%
6th place: Colombia: 19%
7 digits: United States: 17%
8 people: Singapore: 17%
9 numbers: Canada: 16%
10: Austria: 16%
Source: Fastcompany
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Tags: mobile payment
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