Mobile payment has become the mainstream payment method in urban China, but many areas and shops still require you to reach for your wallet rather than your smartphone. People’s Daily Online reporters Wang Guang and Li Ruoyu analyze the merits and limitations of mobile payment in public transportation, hospitals, utilities and parking services. To further facilitate mobile payments, they suggest, emerging Internet finance companies should collaborate with traditional companies to develop integrated services. getAbstract recommends this article to those interested in mobile payments.
About the Authors
Wang Guang and Li Ruoyu are both reporters at People’s Daily Online. The two frequently collaborate on feature articles related to financial issues in China. People’s Daily Online is one of the top 10 newspapers in the world.