China leads Asia-Pacific for mobile payment adoption
China leads the Asia-Pacific region for mobile payment adoption, where 96% of Chinese consumers have used a mobile payment app in the past six months.
China's mobile payment apps such as WeChat Pay and Alipay are the preferred payment option for the majority of Chinese consumers
Research from Kantar found 85% of Chinese select mobile payment as the most preferred mobile payment method. China is well ahead of India at 38% and Hong Kong at 29% for mobile payments, which Singapore and Taiwan both lag behind at 13% as well as Australia at 5%.
Debit cards and cash are most popular in Australia at 33% and 32% respectively, while 40% of Singaporeans and 41% of Hong Kong citizens opt for credit cards and Taiwanese prefer cash (57%).
The figures from Kantar showcase the widespread take-up of mobile payment apps in China, where more than half of people (58%) are using apps such as WeChat Pay or Alipay, daily.