China tops in digital payment adoption worldwide


Beijing, Mar3 (IANS): China has the highest adoption rate in the world for technology-enabled payment systems, the media reported on Thursday.

In a survey of 13,000 respondents in 26 countries, 86 percent of Chinese respondents said they paid for online purchases during the past six months via digital payment systems compared with a global average of just 43 percent, the China Daily reported.

The survey report by the market research firm Nielsen was issued on Wednesday

About 98 percent of the respondents in China, the world's largest e-commerce market, said they had made purchases online.

At 71 percent, food-related businesses topped the list of purchases made via smartphones while event ticket purchases stood at 51 percent.

The rising use of digital payments has attracted numerous players to the Chinese market.

Apple Inc launched its contactless payment system Apple Pay in the Chinese mainland last month. It allows users of the iPhone 6 or more advanced versions, certain iPads and Apple Watches to pay by their devices in bricks-and-mortar stores.

The new service immediately became a hit.

Samsung Electronics Co Ltd is expected to bring its own mobile payment service to China in mid-March.

China's Internet giants Alibaba Group Holding Ltd and Tencent Holdings Ltd have already taken about 90 percent of the mobile payment market, but industry observers said the competition is just about to start.

  

Top Stories


Leave a Comment

Title: China tops in digital payment adoption worldwide



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.