Which Countries are the World’s top in mobile payment ?

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More than half a billion people in China will be paying with their phones in brick-and-mortar shops, cafes and restaurants this year, according to the Statista Digital Market Outlook. That equals a penetration rate of more than 35 percent, the highest in the world.

India ranked second with a penetration rate of 29.5 percent, followed by Indonesia (15.9 percent) and Israel (14.5 percent).

However, the overall annual transaction value per customer in China is lower than that in the US, the UK and France. The average Chinese consumer is projected to spend about $1,100 with payment apps in 2019, compared to more than $2,400 in the UK and almost $3,000 in the US.

Let’s take a look at the world’s 10 leaders in mobile payment.

[tu_countdown id=4874 design=4][/tu_countdown]

No 10 France    Penetration rate: 2.2 percent

Eiffel Tower in Paris. [Photo/IC]

No 9 United Kingdom     Penetration rate: 6.6 percent

The London skyline is seen from Victoria Tower at sunset. [Photo/VCG]

No 8 Spain    Penetration rate: 7.3 percent

Plaza de Espana in Sevilla, Spain. [Photo/VCG]

No 7 Brazil    Penetration rate: 7.9 percent

A Carnival parade in Rio de Janeiro. [Photo/VCG]

No 6 United States     Penetration rate: 8.8 percent

People view lower Manhattan and One World Trade Center in New York City at sunset on Dec 20, 2016. [Photo/VCG]

No 5 Russia    Penetration rate: 10.6 percent

People walk along Red Square in central Moscow, Russia, March 18, 2018. [Photo/Agencies]

No 4 Israel    Penetration rate: 14.5 percent

Orange CEO Stephane Richard tests a product during his visit to Orange Fab Israel, a program operated by the Orange Group to support Israeli-based communication start-ups in Tel Aviv, Israel, in a photo released by Orange on June 11, 2015. [Photo/VCG]

No 3 Indonesia    Penetration rate: 15.9 percent

Tourists visit Tanah Lot Temple in Bali, Indonesia. [Photo/VCG]

No 2 India    Penetration rate: 29.5 percent

Pigeons fly outside of Taj Mahal Hotel in Mumbai, India. [Photo/IC]

No 1 China    Penetration rate: 35.2 percent

Online payment apps like Alipay and WeChat Pay are popular in almost every Chinese city, offering convenience to both businesses and consumers. [Photo by Bao Xinguo/for China Daily]
SOURCE:CHINA DAILY
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