How big is the future development space of smart payment?

In recent years, the new mobile payment, represented by mobile payment, has become the most commonly used payment method for Chinese consumers and is regarded as one of the "four new inventions" in China. In 20 1 1-20 18, mobile payment in China continued to maintain a rapid growth trend, reaching 277.4 trillion yuan in 20 18, an increase of 36.72% over 20 17, ranking first in the world. According to preliminary accounting, the scale of mobile payment transactions in China in 20 19 exceeded 300 trillion yuan.

The penetration rate of face-brushing payment has increased, which has a positive impact on users and businesses.

The data shows that users mainly use brush face payment in life scenes, and 40.2% and 36.8% of the interviewed users use it in supermarket convenience stores and supermarkets respectively. The new payment mode, represented by face-brushing payment, is rapidly spreading from the life scene by further improving the payment efficiency and security of users. With the gradual entry of the 5G commercial era, the application of brush face payment is expected to be more extensive.

From 2065438 to 2009, the face-brushing payment spread more rapidly in the market, and both Alipay and WeChat payment accelerated their development in this field. 20 19 March, wechat launched the face-brushing payment tool "frog". September 20 19, Alipay upgraded its face-brushing payment device "Dragonfly" to version 3.0. With the development of face recognition technology, face-brushing payment is more stable than other forms of payment interaction. It has faster recognition speed and accuracy, and has a positive impact on both merchants and users.

—— For the above data and analysis, please refer to the Analysis Report on Market Foresight and Investment Strategic Planning of China Mobile Payment Industry by Forward-looking Industry Research Institute.