Mobile payment is building a smart life in China– The user base is still growing rapidly!

Take the train “brush face” can enter the station

Driving on the highway does not need to queue, “senseless payment” easy to pay

Take subway, take bus, scan QR code can pay

You can think of many scenarios in life, mobile payment in china can be easily achieved.

Now mobile payment is building China’s intelligent life, intelligent travel has become the norm, technology to make our travel more efficient and intelligent.

During the recent May Day holiday in China, according to payment data from payment companies, the number of mobile payment users is still growing rapidly and the usage scenarios are increasing rapidly. From banknotes, passbooks, bank cards to mobile payments, the means of payment have broken the limits of “just paying” and are building people’s smart lives.

Data from WeChat payment and Alipay show that during the May Day holiday, the average daily amount of WeChat offline payment transactions increased by 79% compared with the same period last year. Per capita spending on Alipay was nearly 1,800 yuan(Renminbi), up more than 10 percent from the same period last year.

The usage scenarios for mobile payment are rapidly enriching. During the May Day holiday, the number of people using WeChat to take public transportation increased by 215% year on year. Spending at gas stations rose 116 percent year-on-year. In most life scenes such as supermarkets, parking lots and restaurants, scanning QR code payment has been popularized.

Mobile payments facilitate life. Today, payment is no longer just a payment. The development of mobile payment means is becoming a booster for people to enjoy intelligent life.

To build a mobile smart city, the most intuitive experience is the further popularization and penetration of mobile payment and government affairs. Alipay and WeChat payment for the public to eat, clothing, housing and other aspects of convenience.

At the same time in China, mobile payments are also used in a variety of life scenes, such as payment of utilities, property fees, personal taxes, social security payments and so on. It is understood that at present, every 4 Chinese 1 people in the Alipay work, a total of hundreds of millions of people, including the oldest users are 95 years old.

Mobile payment users are also expanding to both ends. During the May Day holiday, the number of people born after 2000 using Alipay abroad increased by 8 times, with an average consumption of 560 yuan(Renminbi) per person. Convenient mobile payment makes it easier for the elderly to integrate into the smart life.

WeChat payment data shows that this May Day holiday, the number of purchases by users over 60 years old increased the fastest, increasing by 154% compared with the same period last year.

Alipay has let consumers in Japan, Tokyo, Bangkok, Thailand and other tourist destinations to achieve a mobile phone travel; During the May Day holiday, WeChat payment saw a sharp increase in the number of daily transactions in several neighboring countries. The increase rate in Russia was as high as 20 times, and the increase rate in Cambodia and the Philippines was as high as 10 times.

At Narita airport in Tokyo, where millions of outbound Chinese tourists pass by every year, WeChat payment advertisements can be seen everywhere. Two years ago, all kinds of shops here have been connected to WeChat payment.

In a New York Times video introducing WeChat, they describe WeChat payments in this way:

Here’s your WhatsApp, Facebook, Skype and Uber. Here’s your Amazon, Instagram, Vimeo and Tender.

They were even more surprised that a restaurant could do without a waiter or cashier by paying through WeChat.

With Chinese people’s footprints all over the world, Chinese smart life mode is also popular.

The white Paper on China Mobile payment overseas tourism market development and trends 2018, released by Nielsen, a third-party market research firm, shows that Chinese outbound tourists use mobile payments for 32% of total turnover, exceeding cash payments for the first time. Nearly 70% Chinese tourists surveyed have used mobile phone payments abroad.

According to the data of China Unionpay, during the May Day holiday, the average daily transaction number of China Unionpay QR code payment and Unionpay mobile phone flash payment increased by 5.1 times compared with the same period last year, and the transaction amount increased by 5.3 times compared with the same period last year.

According to the report, 40% of people usually go out with less than 100 yuan(Renminbi) in cash, and 84% say they can accept going out without cash.

Last March, Apple CEO Tim cook came to China to attended a summit forum, and when he learned that the old ladies who sold watermelons on the Tsinghua university campus was using scanning QR code to make mobile payment, he could not help but sigh that China had “great vision and went further” in the field of mobile payment.

The man at the helm of the world’s most valuable technology giant probably has a pretty good sense of why Apple Pay, the company’s mobile payment platform, has been so hard to adapt to in China.

Scanning code payment has gradually become the most common payment method from street vendors to star hotels. More importantly, WeChat payment and Alipay enable small and micro businesses, such as fruit stalls and small restaurants, which are not willing to use the cumbersome payment procedures of Banks, to quickly experience the payment notification, simple reconciliation and other services, enjoy the dividends of mobile payment, and help merchants better manage their shops.

Scanning code payment, social payment, non-inductive payment, self-service ordering, small program ride code… Based on mobile payment, more and more similar scenes are becoming a reality, and different degrees of intelligent transformation are being carried out in the traditional industry.

Mobile payment technology is closely combined with various life scenarios, injecting strong impetus into the development of inclusive finance. This, with the aim of promoting inclusive livelihoods and enabling all sectors and groups to enjoy financial services tailored to their needs at equal opportunities and at reasonable prices, is greatly improving the convenience and well-being of people’s lives.

Due to the changes brought by mobile payment, the means of payment have been rapidly updated, and numerous means of payment have also become the driving force of China’s economic development.