Future Prospects of China Digital Wallet Market
DESCRIPTION China Digital Wallet market was valued at US$12,803.767 million in 2019. The high penetration rate of smartphones and faster internet connectivity is the major contributing factor for the booming digital wallet market in China. According to the latest 2020 statistics by the People’s Bank of China (PBOC), the number of electronic
payments processed by country’s banks surged by 6.3% compared to the same period in 2018. In March 2020, 776.08 million people were using mobile payment in China. The shortage of point-of-sale (POS) machines, as well as ATMs as compared to the country’s mushrooming population, is also encouraging the usage of digital wallets to make cashless payments, thereby driving the market growth. Digital wallet systems from WeChat and Alipay are being increasingly used by people who are in need of quick and easy transactions.
Some Key Questions Answered By The Report
▪What will be China Digital Wallet Market from 2020 to 2025? ▪How are the major drivers and restraints affecting the China Digital Wallet Market. ▪Growth and the opportunities which exist for key vendors? ▪Which segment and region will drive or lead the market growth and why?
SEGMENT ANALYSIS
We have included all segments of this market in market research report.
The China Digital Wallet market has been segmented by device and application.
For complete segment information visit us
https://www.knowledge-sourcing.com/report/china-digital-wallet-market
CONCLUSION
ď‚Ą Major players in the China Digital Wallet market have been covered along with
their relative competitive position and strategies. ď‚Ą The report also mentions recent deals and investments of different market
players over the last year. ď‚Ą The company profiles section details the business overview, financial
performance for the past three years, key products and services being offered along with the recent developments of these important players in the China Digital Wallet market.
COMPANY PROFILES Alipay.com Tencent Inc. PayPal OnePlus
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