Moscow, June 11 — “News. Economy.” More than half a billion people in China alone this year will be to pay for their purchases using their mobile phones, according to a study by Statista Digital Market Outlook.

However, as noted in the study, the annual value of transactions per buyer in China will be lower than in the US, UK and France.

Below we will mention 10 countries that lead the world in mobile payments. 10. France

Distribution: 2.2%

The spread of credit cards is 44% higher than the world average, but lower than in the region. France, like any other country in Europe has a highly developed market credit and debit cards.

In this case, often in one card combined both functions. Nearly 84% of French homes have access to the Internet. This figure is much higher than the average. Ecommerce in France is growing rapidly — at 11% per year.

E-commerce market estimated at almost $57 billion, is the third largest in Europe. 9. UK

Distribution: 6.6%

Despite the fact that 99% of the population have a Bank account, while 62 per cent use credit cards, some groups (e.g. recent immigrants and people with low incomes) continue to have difficulties with involvement in the financial system.

With 74% of the population of smartphones, the UK is one of the most mobile markets for online shopping in Western Europe. Now 91.6% of the population have access to the Internet. 8. Spain

Distribution: 7.3%

In Spain, a lot of Bank branches. 100 thousand people have 96 branches. This was the highest figure in Western Europe.

Banking in the country is well developed — the market is actively displayed innovative products, such as digital wallets and mobile banks.

Besides, Spain occupies the fourth place in the spread of mobile banking in Europe. 7. Brazil

Distribution: 7.9%

Brazil is in such international organizations as the UN, G20, WTO, MERCOSUR and the Union of South American Nations, and is also one of the BRICS countries.

In 2014, the largest in Brazil, banking group Bradesco has launched a mobile payment system based on NFC technology.

Bradesco is one of the largest banks in Brazil and has 4686 branches, 3781 additional 59307 offices and Express offices that work in partnership with retailers. 6. USA
Distribution: 8.8%

Mobile payments are primarily used by respondents with high income level (from $150,000 a year for each household) and the Millennials (people aged 18-34 years).

A large part of mobile payments in stores (68%) passes through Apple Pay. 5. Russia

Distribution: 10.6%

In 2017, the year every fifth purchase in the online stores were paid for with a smartphone, and among young people under the age of 25 the phone has become the most popular device for online shopping.

Mobile purchases are gaining popularity: in 2017 47% of respondents said they bought at least one product or service via mobile gadgets — compared to 34% in 2016. 4. Israel

Distribution: 14.5%

Israel boasts one of the highest in the world scientific and technical capacities. Hundreds of the best scientists successfully working in the front lines of the struggle for innovation, which among other things serve as a means of strengthening the country’s defense.

It is within such a strategy, mobile communications and the Internet in Israel has received the highest development. Modern technologies are being introduced rapidly in all spheres of life as a state. 3. Indonesia

Distribution: 15.9%

At the moment, Indonesia is experiencing the transformation of online retailing. The population of the region is keen on innovation of mobile devices and expansion of their use.

Therefore, it is not surprising that the most popular means of payment in the country are considered to be mobile payments or e-wallets. 2. India

Distribution: 29.5%

11 April 2016 in India launched a Unified payment interface (Unified Payment Interface), designed for mobile devices.

Now send and receive money is as easy as to send an e-mail or sms message. The project was developed by national payment Corporation of India.

Mobile payments will drive e-Commerce and the spread of financial services. 1. China

Distribution: 35.2%

Mobile payments in China have become so commonplace that cash now seems a bit strange.

In the Chinese mobile payments market is dominated by two services — Alipay and WeChat Pay, and the base of their active users in the hundreds of millions. Bank cards in China has not caught on like the rest of the world.

However, mobile payments in just a few years become an integral part of life.

Read more •••

LEAVE A REPLY

Please enter your comment!
Please enter your name here