Digital or electronic payments have become the go-to method for many consumers in China to pay for purchases and transactions, online or offline. Coming into the digital age with only a limited credit and debit card infrastructure outside major cities, China leapfrogged straight to mobile payments from cash, pushing the trend further than is seen in most of the rest of the world.
Digital pay to mobile pay
Survey and research data shows that, for many applications, consumers are increasingly turning not only to online or e-payment platform but to the mobile versions thereof.
This has been the case in online-to-offline (O2O) or purely offline transactions since the inception of online and mobile payments, but has now become glaringly obvious even for online transactions; in virtually all the scenarios shown below, use of a mobile payment app is now significantly more prevalent than using a PC-based online payment platform, even when sitting in front of a PC.
Surveyed mobi...
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