Mobile Payment Revolution: China vs US

The mobile payment is one of the segments in which China is actually moving much, much faster than the US market. Americans would be surprised at how deep the penetration is for WeChat Pay and Alipay in China’s mobile payment business. Apple Pay is definitely not a first mover in China; they have to work very hard to increase their penetration ratio of the payment terminals here. CEIBS Prof. of Management Yu Zhang explains the key differences in mobile payment between China and the US.