Top 8 leading mobile payment platforms worldwide

By Wang Yanfang: 0 Comment(s)Print E-mail China.org.cn, December 31, 2018

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Mobile payment technology has grown to be a multibillion-dollar industry, offering users unparallel convenience through the use of mobile wallets. In 2017, transactions completed using the technology reached over US$3.1 trillion worldwide.

Information and comparison website Merchant Machine selected 8 leading global mobile payment platforms and identified how many users each had in 2017. Each platform had over20 million users.

Data shows that 64 percent of mobile phone owners have used their mobile for at least one payment in the previous year; 39 percent have a mobile wallet application; and 5 percent make payments once a week or more.

The data also shows that different age groups have different attitudes to mobile wallets. People ages from 18 to 34 make up the largest proportion of users.

The following are the top 8 leading mobile payment platforms worldwide and their number of users:

8. Android Pay