In recent years, mobile payment development is strong, and the global mobile payment market is expected to reach 780 billion US dollars by the end of 2017. Under the temptation of this market cake, well-known enterprises in various industries began to launch offensives.
With the active construction of payment systems by smartphone manufacturers, mobile payment services have developed rapidly in 2016. At the same time, the innovation and diversification of mobile payment methods have brought new demands and opportunities. According to a research report released by Trend Force, the global mobile payment market will reach 780 billion US dollars by the end of 2017, an increase of 25.8% compared with 2016.
Kelly Hsieh, senior research director at Trend Force, said: "Apple and Samsung are the most advantageous among smartphone manufacturers actively building mobile payment technology. Because Android market share is 50% higher than iOS, Google is also expanding mobile payments. Has a great advantage.
Google accelerates the pace of global expansion of Android Pay
Recently, Google accelerated the global expansion of its online wallet platform Android Pay, and announced cooperation with Japanese e-commerce company Rakuten.
It is understood that Japan's mobile payment is mainly based on domestic service providers, and there are almost no foreign competitors. Therefore, Rakuten's support for Android Pay to enter the Japanese market is very important to Google. Android Pay users can now access Edy, Rakuten's e-money platform, which works with major Japanese restaurants and chain retailers.
In addition, Google is also working with Sony on the FeliCa project, an RFID smart payment solution developed by Sony. Next year, Google will further strengthen Android Pay's position in the Japanese market by working with eMoney, Visa, Master Card and Bank of Tokyo-Mitsubishi UFJ.
Volkswagen Group's business extends to mobile travel
If Google's global expansion does not represent the current mobile market's highly sought after, then the participation of the automaker Volkswagen Group may be quite different. Recently, according to overseas media reports, as the latest move of the Volkswagen Group to expand from the traditional automobile manufacturing business to the mobile travel business, the financial company of the Volkswagen Group recently acquired the Canadian mobile payment software company PayByPhone.
PayByPhone is a smart phone app that allows car owners to pay parking fees anytime, anywhere. Founded in 2000, PayByPhone is headquartered in Vancouver, Canada, and currently offers large-scale parking services in many locations around the world, especially in Paris, London, Boston, San Francisco and Seattle. It is worth 262,000 parking spaces. The total transaction volume of PayByPhone in 2016 exceeded $250 million.
Through the acquisition of PayByPhone, Volkswagen Group's mobile travel business has taken another step forward, especially in the mobile payment field. Not long ago, Volkswagen Group just set up a mobile travel service brand - Moia, Moia will become the public business pillar together with the traditional car sales business in the future, and is also a major move of Volkswagen in the field of electric vehicles and mobile travel services.
Banking department officially entered the field of "sweeping"
While industry giants are cross-bordering in the field of mobile payments, as a traditional financial institution, banks will not let this market cake. Recently, a number of banks such as ICBC and China Construction Bank have launched a scanning code payment system. The banking department officially entered the field of “sweeping†that has been occupied by Alipay and WeChat for many years.
In the past year, CCB launched the “Dragon Payment†payment system. The payment of Dragon Payment is very similar to that of WeChat Wallet and Alipay. It has functions such as payment code and change wallet. The staff of the Construction Bank said that Long Payment is a brand-new product after integrating “CCB Wallet†and “Two-Dimensional Code Paymentâ€. Whether it is a CCB customer or not, you can apply for registration as a Dragon Payment Customer by simply downloading the CCB Mobile App. “The transfer of funds between customers will be free of charge, and the withdrawal will be free of charge, and multiple benefits and benefits will be granted to registered merchants.â€
In addition to the construction bank, ICBC also launched a two-dimensional code payment product. Like Alipay, it can use the mobile phone to scan the code to pay, or the POS machine can scan the mobile phone payment code to pay. The “E-Payment†of Industrial Bank will integrate the mainstream mobile payment methods in the market such as Alipay, WeChat payment and QQ wallet, and then provide it to banks and their partners.
With the active construction of payment systems by smartphone manufacturers, mobile payment services have developed rapidly in 2016. At the same time, the innovation and diversification of mobile payment methods have brought new demands and opportunities. According to a research report released by Trend Force, the global mobile payment market will reach 780 billion US dollars by the end of 2017, an increase of 25.8% compared with 2016.
Kelly Hsieh, senior research director at Trend Force, said: "Apple and Samsung are the most advantageous among smartphone manufacturers actively building mobile payment technology. Because Android market share is 50% higher than iOS, Google is also expanding mobile payments. Has a great advantage.
Google accelerates the pace of global expansion of Android Pay
Recently, Google accelerated the global expansion of its online wallet platform Android Pay, and announced cooperation with Japanese e-commerce company Rakuten.
It is understood that Japan's mobile payment is mainly based on domestic service providers, and there are almost no foreign competitors. Therefore, Rakuten's support for Android Pay to enter the Japanese market is very important to Google. Android Pay users can now access Edy, Rakuten's e-money platform, which works with major Japanese restaurants and chain retailers.
In addition, Google is also working with Sony on the FeliCa project, an RFID smart payment solution developed by Sony. Next year, Google will further strengthen Android Pay's position in the Japanese market by working with eMoney, Visa, Master Card and Bank of Tokyo-Mitsubishi UFJ.
Volkswagen Group's business extends to mobile travel
If Google's global expansion does not represent the current mobile market's highly sought after, then the participation of the automaker Volkswagen Group may be quite different. Recently, according to overseas media reports, as the latest move of the Volkswagen Group to expand from the traditional automobile manufacturing business to the mobile travel business, the financial company of the Volkswagen Group recently acquired the Canadian mobile payment software company PayByPhone.
PayByPhone is a smart phone app that allows car owners to pay parking fees anytime, anywhere. Founded in 2000, PayByPhone is headquartered in Vancouver, Canada, and currently offers large-scale parking services in many locations around the world, especially in Paris, London, Boston, San Francisco and Seattle. It is worth 262,000 parking spaces. The total transaction volume of PayByPhone in 2016 exceeded $250 million.
Through the acquisition of PayByPhone, Volkswagen Group's mobile travel business has taken another step forward, especially in the mobile payment field. Not long ago, Volkswagen Group just set up a mobile travel service brand - Moia, Moia will become the public business pillar together with the traditional car sales business in the future, and is also a major move of Volkswagen in the field of electric vehicles and mobile travel services.
Banking department officially entered the field of "sweeping"
While industry giants are cross-bordering in the field of mobile payments, as a traditional financial institution, banks will not let this market cake. Recently, a number of banks such as ICBC and China Construction Bank have launched a scanning code payment system. The banking department officially entered the field of “sweeping†that has been occupied by Alipay and WeChat for many years.
In the past year, CCB launched the “Dragon Payment†payment system. The payment of Dragon Payment is very similar to that of WeChat Wallet and Alipay. It has functions such as payment code and change wallet. The staff of the Construction Bank said that Long Payment is a brand-new product after integrating “CCB Wallet†and “Two-Dimensional Code Paymentâ€. Whether it is a CCB customer or not, you can apply for registration as a Dragon Payment Customer by simply downloading the CCB Mobile App. “The transfer of funds between customers will be free of charge, and the withdrawal will be free of charge, and multiple benefits and benefits will be granted to registered merchants.â€
In addition to the construction bank, ICBC also launched a two-dimensional code payment product. Like Alipay, it can use the mobile phone to scan the code to pay, or the POS machine can scan the mobile phone payment code to pay. The “E-Payment†of Industrial Bank will integrate the mainstream mobile payment methods in the market such as Alipay, WeChat payment and QQ wallet, and then provide it to banks and their partners.
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