Why do people in China use mobile to pay the most, and what do people in other developed countries use to pay?

Mobile payment refers to the use of ordinary or smart phones to complete or confirm payment, rather than cash, bank cards or checks. Buyers can use their mobile phones to buy a series of services, digital products or commodities.

Mobile payment is a new payment method in the Internet era. It takes the mobile terminal as the center, and the purchased products are settled and paid through the mobile terminal. The main form of mobile payment is mobile payment.

Mobile payment is a derivative of third-party payment. The so-called third-party payment means that in the transaction through the third-party payment platform, after purchasing the goods, the buyer uses the account provided by the third-party platform to pay for the goods, and the third party notifies the seller of the arrival and delivery; The buyer will notify the seller to pay after inspection, and the third party will transfer the money to the seller's account. Researchers believe that third-party payment is essentially a kind of credit intermediary, which provides certain credit guarantee for the payment activities of transactions, thus eliminating the credit risk caused by information asymmetry between buyers and sellers.

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Reply time: 202 1- 12-24. Please refer to the latest business changes announced by Ping An Bank in official website.