Based on the analyses of Enfodesk, the decline of the money fund yield directly impact the transaction scale of mobile payment.

A new report by Enfodesk， an info service platform based on the research of new media including the internet, mobile internet, and telecom, reveals that the trading volume has reached to $1.6 trillion and a month to month growth of 0.2% in June. According to the report data, Alipay’s wallet service has took top honors with almost four-fifths share of mobile payment market.
Based on the analyses of Enfodesk, the decline of the money fund yield directly impact the transaction scale of mobile payment.
The payments industry will definitely unleash enormous driving force for the economy as vigorous support has been carried out in the mobile payment market. Under such circumstances, the next few years will be a breakthrough for China’s mobile payment industry, the rapid development would be achieved in two payment methods: remote payments through mobile device, which innovates the PC-shopping model and O2O electronic commerce payment.
Portability and convenience are driving e-commerce adoption, and while technology is just a small part of the pie, we need to focus on integrating the technology into the day-to-day life of the consumers.