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The Impact of Mobile Payments on China's Economy

Yingjian Rui, Youyan Huang, Guangxin Pan

Abstract


The rapid development of modern science and information technology has let China change a lot, exerting a great impact on people’s daily life. The combination of the modern science and information technology has led to a new way of payment: mobile payment. Mobile payment has consciously or unconsciously influenced our daily life and the development of China. In this paper, the advantages and disadvantages of mobile payment will be analyzed briefly so as to predict the developing trend of China’s mobile payment industry.


Keywords


Mobile Payment; China; Social Development

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References


Chen X, Jin H. Analysis of the status quo and development trend of China’s mobile payment industry (in Chinese). Times Finance 2018; (8): 168.

Liu L. Research on the application of WeChat payment in mobile payment in the future (in Chinese). Management & Technology of SME 2015; (35): 215.




DOI: http://dx.doi.org/10.18686/fm.v5i3.2508

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