TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Summits
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Strategy Analytics Press Releases

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

Edge

Globe Telecom signs MoU with Hewlett Packard Enterprise for multi-access edge computing solution trial using 5G

Apr 14, 2021

Cloud Native

Red Hat and NEC collaborate to drive Kubernetes-based 5G adoption

Apr 13, 2021

Digital Platforms & Services

Liberty Latin America selects MATRIXX Software to transform customer experience across the region

Apr 13, 2021

Open RAN

Mavenir and Xilinx collaborate to bring to market Open RAN massive MIMO portfolio

Apr 13, 2021

Digital Platforms & Services

Colt Technology Services embarks on 70-strong recruitment drive

Apr 13, 2021

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

22:09

How BSS is evolving to support 5G

40:04

How can DSPs accelerate speed to market for new services?

24:04

Supporting the evolution of service provision at BT

41:32

Edge as a driver of new service revenues

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Summits
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
info@telecomtv.com
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices