Average Chinese consumer is projected to spend around US$1,600 with payment apps in 2020
Tag: mobile
Digital 2020: India
The number of internet users in India increased by 128 million (+23%) between 2019 and 2020
Evolution of Digital Payments
• 1994: First online purchase.• 1997: First mobile payments and first contactless payments.• 1999: Paypal launches electronic money transfer service.• 2003: Alibaba launches Alipay in China.• 2007: M-PESA created the first payments system for mobile phones.• 2009: Bitcoin enabled secure and untraceable payments.• 2013: WeChat Pay introduced, which by 2018 surpassed 800 million monthly active… Continue reading Evolution of Digital Payments