The number of users in the 'Mobile POS Payments' segment of the fintech market in China was forecast to continuously increase between 2024 and 2028 by in total 48.6 million users (+8.53 percent). After the sixth consecutive increasing year, the indicator is estimated to reach 618.26 million users and therefore a new peak in 2028.
Data provided by Statista Market Insights are estimates.
Definition:
The Mobile POS Payments market refers to transactions made on mobile devices, such as smartphones or tablets, to process transactions at the point of sale. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. The data transfer is made via wireless standard NFC (Near Field Communication) or by scanning a QR code to initiate the payment. Users pay for a purchase via a mobile wallet application by triggering an online bank transfer or by using a digitally stored credit or debit card (Host Card Emulation). mPoS payments are becoming increasingly popular as they allow businesses to offer more flexible and convenient payment options for customers, and can also help to reduce costs and improve efficiency. Additionally, mPoS payments can also provide businesses with valuable data and insights into customer behavior and purchasing habits.
Additional Information:
Key players in this market are ApplePay, Google Wallet and Samsung Pay.
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Statista Market Insights. (January 22, 2024). Number of users in the mobile POS payments segment of the fintech market China from 2018 to 2028 (in million individuals) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1437575/number-of-users-mobile-pos-payments-digital-payments-market-china
Statista Market Insights. "Number of users in the mobile POS payments segment of the fintech market China from 2018 to 2028 (in million individuals)." Chart. January 22, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1437575/number-of-users-mobile-pos-payments-digital-payments-market-china
Statista Market Insights. (2024). Number of users in the mobile POS payments segment of the fintech market China from 2018 to 2028 (in million individuals). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1437575/number-of-users-mobile-pos-payments-digital-payments-market-china
Statista Market Insights. "Number of Users in The Mobile Pos Payments Segment of The Fintech Market China from 2018 to 2028 (in Million Individuals)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1437575/number-of-users-mobile-pos-payments-digital-payments-market-china
Statista Market Insights, Number of users in the mobile POS payments segment of the fintech market China from 2018 to 2028 (in million individuals) Statista, https://www.statista.com/forecasts/1437575/number-of-users-mobile-pos-payments-digital-payments-market-china (last visited November 23, 2024)
Number of users in the mobile POS payments segment of the fintech market China from 2018 to 2028 (in million individuals) [Graph], Statista Market Insights, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1437575/number-of-users-mobile-pos-payments-digital-payments-market-china
