Overview
“The mobile payment app environment in Asia is a completely different ecosystem from Western countries, where mobile payments industry is more fragmented, has greater competition, and contains many long-standing legacy players. Surely, Asian mobile network providers are a force to be reckoned with around the globe and can provide some lessons for U.S. and European mobile payment app providers,” commented Sarah Grotta, Director, Debit and Alternative Products Advisory Service at Mercator Advisory Group, and co-author of this report.
“Alipay and WeChat Pay have built all-encompassing mobile commerce platforms that do just about anything related to commerce and social interaction in China. There is nothing like either of them in the West, which has a multiplicity of overlapping mobile payment providers and financial institutions. However, Western mobile platforms can certainly emulate some of the Asian mobile integrated features and solutions that have created a user base of over 1 billion people,” said Raymond Pucci, Associate Director, Research Services at Mercator Advisory Group, and co-author of this report.
This report is 19 pages long and has 6 exhibits.
One of the exhibits included in this report:
Highlights of this research report include:
- Evolution of payments in China and India
- A look at Alipay, Paytm, and WeChat Pay
- How integrated app solutions build user adoption
- Global partnerships that strengthen mobile apps
- What this means for the U.S. payment providers
Learn More About This Report & Javelin
Related content
2024 Trends & Predictions: Debit Payments
Consumers have been accustomed to making easy payments however they shop, whether in physical stores or online. That growing appetite for immediate, easy-to-execute payments will d...
Revenue Dynamics of Debit Cards Since Dodd-Frank
Amid the ever-shifting payments landscape, debit also stands to be transformed by changing regulations and shifting consumer habits. New routing regulations could have an impact on...
How Financial Institutions Can Plot Their Instant Payment Strategy
With the recent launch of FedNow, as well as the continued presence of The Clearing House’s RTP network, instant payments are poised to transform money movement in the United State...
Make informed decisions in a digital financial world