What can US retailers learn from China about mobile payments?

When it comes to mobile payments, it’s no secret that China is in the lead globally. In 2016, mobile payments totaled $5.5 trillion in that country, according to iResearch Consulting Group. In comparison, Forrester Research estimated that the U.S.’s mobile payments market was $112 billion – clearly a significant difference.

The success in China is largely driven by consumers’ adoption of mobile wallets like Alipay and WeChat/Ten Pay, which make up the majority of the mobile payment market. While there are some mobile wallets in use here in the U.S., they are not nearly as widely adopted.

Mi-Pay Group PLC (LON:MPAY) is a United Kingdom-based company, which operates in the cardholder-not-present payment solutions market with a focus on assessing, managing and mitigating fraud risks. The principal activity of the Company is to deliver outsourced on-line and related payment solutions to digital e-commerce clients, primarily in the mobile sector, enabling them to monetize their on-line proposition. The Company operates through two segments: Transaction Services and Professional Services.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Mi-Pay Group Plc

    More articles like this

    Mi-Pay Group Plc

    Mi-Pay Group deliver further growth in H1 2019

    Mi-Pay Group (LON:MPAY), a leading provider of digital transformation, mobile payment and payment fraud management solutions to Tier 1 Mobile Network Operators, Mobile Virtual Network Operators and digital content providers, has today presented its unaudited interim

    Mi-Pay Group Plc

    Mi-Pay 2018 a year of strong progress

    Mi-Pay (LON: MPAY), a leading provider of digital transformation and mobile payment solutions, is pleased to present its Final Results for the year ended 31 December 2018. Michael Dickerson, Executive Chairman of Mi-Pay Group plc commented

    Mi-Pay Group Plc

    Mi-Pay Group Plc Contract extension with its largest Client

    Mi-Pay Group Plc (LON: MPAY), the leading provider of outsourced digital transformation and mobile payment solutions, today announced that it has agreed terms on a contract extension with its largest Client for an incremental two-year period.

    Mi-Pay Group Plc

    Mi-Pay Fraud management contract and appointment of NED

    Michael Dickerson, Executive Chairman of Mi-Pay Group plc commented: “We are delighted to announce that we have secured our maiden contract for our fraud management services, a new vertical for us and a product offering that