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Chinese Mobile Payments Services Market, Forecast to 2023
Chinese Mobile Payments Services Market, Forecast to 2023
Payment Giants Setting Global Trends in Mobile Payments
21-Nov-2018
Asia Pacific
$2,000.00
Special Price $1,500.00 save 25 %
Description
The Chinese market for mobile payment offers not only market opportunities for solution providers intending to operate within the domestic market but also learning points for global mobile payment solution providers. China is a unique case study that can showcase to the world that cashless societies are becoming increasingly possible. Already, 40% of Chinese users carry less than RMB¥100 (US$15) in cash and mobile payment has become common among Chinese citizens.
The lack of history of credit card use and wide adoption of e-Commerce has facilitated the quick expansion of mobile payments in China. Alibaba, through its dominance in e-Commerce, and Tencent, through its mobile social media and messaging platforms, WeChat and QQ, connect mass market audiences and lead the mobile payment market with their respective e-Wallet products, Alipay and WeChat Pay. They started out addressing the lack of infrastructure, and evolved by offering relevant use cases and viable business models.
The Chinese Government is a strong promoter of the IT industry. Its support in releasing licenses to 250 third-party payment providers has ensured the fast adoption of mobile payments services in the country. Easy, fast, efficient, and secure mobile payment solutions have increased the uptake of mobile payments in China. However, despite current progress, there are still underserved pockets such as the rural market.
Research Scope
This study analyzes mobile payment services in China. The time frame covered is 2017 to 2022, and the forecast period is from 2018 to 2022.
Companies mentioned in this study include, but are not limited to, 1 wallet, Alibaba Sesame Credits, Alipay, Baidu wallet, Baihang Credit Scoring, Inspiry Technology, Meituan wallet, Tencent Credit, UMF, Union Pay, WeChat, Xiaomi wallet, and Yiqianbao.
Key Issues Addressed
- What is the scope of mobile payment services in China? What are the capabilities being offered via mobiles?
- Who are the key market players and what are their service offerings?
- What is the revenue upside and how can payment capabilities in apps improve the efficiency of business processes and reduce manpower requirements?
- What are the risks of implementing a mobile payment service? What are the updates on the governing local regulations and standards?
- Why are global, standard, and inter-operable digital payment solutions needed to expand the mobile payment market and facilitate a cashless society?
Author: Mei Lee Quah
Table of Contents
Key Findings
Market Definitions
Key Questions this Report will Answer
Market Overview
Market Overview (continued)
Active Mobile Payment Customers and Transaction Value Forecast
Active Mobile Payment Customers and Transaction Value Forecast Discussion
Payment Methods in 2017
China—Electronic Payment in China in 2017
Cashless Society
Establishment of the NUCC
Establishment of the NUCC (continued)
The Impact of the NUCC on Alipay and WeChat Pay
Credit Scoring System in China
Alibaba Sesame Credit and Tencent Credit
PEST Analysis of Third-party Payment Systems
Third-party Payment Methods
Quick Payment versus QR Code Payment
Traditional POS versus Smart POS
China—Alipay
Alipay’s Footprint in Southeast Asia
Business Model of Alipay
Revenue Model of Alipay
WeChat (continued)
Business Model of WeChat (Excluding WeChat Pay)
Revenue Model of WeChat
Business Model of WeChat Pay
SWOT Analysis—Alipay versus WeChat Pay
Baidu Wallet
Acceptance Points of Mobile Payment
Acceptance Points of Mobile Payment (continued)
Cross-border Payment
Cross-border eCommerce
Cross-border Payment in Travel and Education
Addressing the Elderly Market
Market Analysis
Market Analysis (continued)
“Going Cashless” versus “Going Less Cash”
Local versus Global
Local versus Global (continued)
Mobile Payment Solution of Today
What Mobile Payments in the Future Needs to Be
Sustained Use of the Credit Card Model is Expected
Complemented by Alternate Global Solutions for eMoney
Growth Opportunity
Strategic Imperatives for Success and Growth
Conclusions and Recommendations
The Last Word—3 Big Predictions
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
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Research Scope
This study analyzes mobile payment services in China. The time frame covered is 2017 to 2022, and the forecast period is from 2018 to 2022.
Companies mentioned in this study include, but are not limited to, 1 wallet, Alibaba Sesame Credits, Alipay, Baidu wallet, Baihang Credit Scoring, Inspiry Technology, Meituan wallet, Tencent Credit, UMF, Union Pay, WeChat, Xiaomi wallet, and Yiqianbao.
Key Issues Addressed
- What is the scope of mobile payment services in China? What are the
| No Index | No |
|---|---|
| Podcast | No |
| Author | Mei Lee Quah |
| Industries | Telecom |
| WIP Number | 9ABE-00-41-00-00 |
| Is Prebook | No |
| GPS Codes | 9657,9702-C1,9705-C1,9838-C1,9A66-C1 |