Two-Thirds Making Regular Mobile Payments In China

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Just under 65% of smartphone users in China are now making regular payments on their devices, according to a report by the China Internet Network Information Centre.The amount, equalling around 424 million individual users, is the highest it has ever been, and is even up 7 percentage points in the last six months.The launch of both Apple and Samsung's payment services in the country, alongside the rise of cheaper more affordable smartphone manufacturers like Huawei, has contributed to this rise.Michael Yeo, senior analyst at research firm IDC, said that “mobile payments have become a part of life in China now”, driven by the fact that most Chinese users first online experience is now on mobile.In stark contrast, a survey by Citi Cards in the US shows that 59% of smartphones users there are not even interested in mobile payment services, whilst only 21% are comfortable with the technology.

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