There has been much discussion about China’s mainland leading the world in mobile payment, but how advanced is it compared to other markets? Chinese mainland consumers like to use mobile payment even more than cash, which makes it a distant leader in mobile payment adoption among six APAC markets, according to a Lightspeed survey.
As high as 96% of consumers from the mainland mentioned they used "mobile payment app" in the past six months, seven percentage points higher than No.2 "cash", according to the survey that Lightspeed carried out from July 20 till 31 in six APAC markets. It collected 2,189 answers valid Australia, India, Singapore, China’s mainland and Hong Kong and Taiwan.
From the frequency perspective, nearly 60% of mainland consumers are using mobile payment apps every day, but the most mentioned answers from other markets are all "2 – 3 times a week".
Chinese mainland consumers are also showing the highest preference for mobile payment: an overwhe...
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