TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • Open RAN
  • Digital Platforms and Services
  • 5G
  • Access Evolution
  • Private Networks
  • Cloud Native
  • Edge
  • Open Networking
  • Sustainability
  • AI, Analytics and Automation
  • 6G Research and Innovation
  • Security
  • More Topics
  • Network Partners
  • Industry Insights
  • Directory
  • Newsletters
  • |
  • About
  • Contact
  • |
  • Connect with us
  • 5G
  • 6G Research and Innovation
  • Access Evolution
  • AI, Analytics and Automation
  • Cloud Native
  • Digital Platforms and Services
  • Edge
  • Open Networking
  • Open RAN
  • Private Networks
  • Security
  • Sustainability
  • Connect with TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Industry Announcements

Tracker

Strategy Analytics: mobile payment becomes a daily activity in China

Via Strategy Analytics Press Releases

Oct 12, 2016

AliPay & WeChat Dominate Mobile Payments as OEM Pay Services Struggle

Boston, MA - October 3, 2016 – Mobile payment has become a daily activity in China with the mobile wallets of AliPay and WeChat dominating those from handset makers like Apple, Huawei and LG according to the latest research from the Media and Services UX, (MSX) group at Strategy Analytics. 75% of mobile payment users in China stated they use mobile payments in physical stores daily, with convenience, speed of transaction and discounts the main factors encouraging the use of mobile payments over traditional payment options.

Click here for the report

Alvin Wu, Analyst, MSX and author, commented,

“We are seeing smartphone users in China ready to adopt mobile payments more aggressively than users in other countries because users in China clearly see mobile payments as delivering convenience, speed, and financial benefits over and above cash and card based payments. Notably, AliPay and WeChat are both widely accepted by retailers in China while the penetration of NFC lags behind.”

Beyond probing the motivating factors for using mobile payments and individual mobile wallets the study also evaluated the impact on traditional payment formats, mobile payment satisfaction and security concerns.

Nitesh Patel, Director, Mobile Payment Service (MPS), commented,

“The digital wallets of smartphone makers like Apple, Huawei and LG will face a struggle to displace the first mover advantage enjoyed by AliPay and WeChat Pay, which have gained widespread adoption. Both AliPay and WeChat are well positioned as the mobile wallet starts to displace the physical wallet. However, our research continues to show that security remains a key concern for all mobile payment users.”

Related Topics
  • AI, Analytics & Automation ,
  • Asia-Pacific,
  • Data & Analytics,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • Media & Entertainment,
  • Mobile,
  • News,
  • Research and Trials,
  • Strategy Analytics,
  • Telecoms Vendors & OEMs,
  • Tracker

More Like This

Access Evolution

The iliad Group keeps up its growth momentum in first-quarter 2022

May 20, 2022

Digital Platforms & Services

Jacques Aschenbroich appointed Non-executive Chairman of Orange

May 20, 2022

Digital Platforms & Services

Virgin Mobile Kuwait becomes world’s first telco to launch in The Sandbox Metaverse

May 20, 2022

Private Networks

Tele2 delivers 5G private network to X Shore’s factory in Nyköping, Sweden

May 20, 2022

Edge

Multi-access Edge Computing Spend to Reach $23 Billion Globally by 2027

May 20, 2022

This content extract was originally sourced from an external website (Strategy Analytics Press Releases) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

16:19

AT&T Amy Zwarico on securing telco applications in the public cloud

35:55

The best use cases for telco/public cloud partnerships

13:58

Ahmed El Sayed on Vodafone’s ‘techco’ transformation

36:47

The role of 5G in private network innovation

TelecomTV
Company
  • About Us
  • Media Kit
  • Contact Us
Our Brands
  • DSP Leaders World Forum
  • Great Telco Debate
  • TelecomTV Events
Get In Touch
[email protected]
+44 (0) 207 448 1070
Connect With Us
  • Privacy
  • Cookies
  • Terms of Use
  • Legal Notices
  • Help

TelecomTV is produced by the team at Decisive Media.

© Decisive Media Limited 2022. All rights reserved. All brands and products are the trademarks of their respective holder(s).