Framing Yachting, PR & Digital Mgmt, Coastal RealEstate, Asia and Destinations.
Report: 08 (18. Feb. 2019 - 03. Mar. 2019)
Article Update of the Report 08, 2019!
Chinese Mobile Payment Trends
What businesses should know about Chinese tourists as mobile payment platforms like and WeChat Pay expand significantly around the world.
(1) A boom of older traveler's using mobile payment
After the Millennial boom the Generation X born between 1960 and 1969 increased by a whopping 230%
since October last year at WeChat. Alipay users born between 1970 and 1979 increased by 190%, with spending overseas jumping by 232%.
(2) Mobile payment in the West is working well
The USA with an impressive 800% jump is still leading with accepting Chinese mobile payments. In Europe France was also among the top 10 foreign countries with the greatest WeChat Pay spending volume.
(3) Residents from third- and fourth-tier cities use Mobile payment
WeChat Pay confirmed that users from smaller cities now accounted for 40 percent of spending. Means, the spending comes not only from the major cities like Beijing, Shanghai, and Guangzhou.
The growth of Chinese mobile payments will force Western businesses to offer these mobile pay options if they want to grow their sales among Chinese travelers. And they cannot wait any longer of Western developments.