The development of mobile payment in some Western developed countries is not very smooth. I think the biggest reason why the development of mobile payment in these Western developed countries is not satisfactory is that they lack the soil for the development of mobile payment. In summary, there are mainly several reasons.

First, the old financial power is relatively strong and the financial system is relatively complete.

After hundreds of years of development, some developed countries have relatively developed economies and relatively complete financial systems. Many ordinary people can obtain corresponding financial services. For example, in Western developed countries, their current credit card systems It is very developed and consumer credit is also relatively developed, so many people are more inclined to use credit cards during consumption, so their demand for mobile payment is not that strong.

And compared to the new financial form of mobile payment, the vested interests of these Western developed countries, that is, the financial giants, are unlikely to allow these cakes to be snatched away by others, so many mobile payments Company development is relatively difficult.

Compared with these Western developed countries, our country’s own financial system is not very complete, and banking finance cannot meet the needs of ordinary people. For example, it is difficult to borrow money, and there are also handling fees for transferring accounts, and for withdrawing cash across banks. There is also a handling fee, and the interest rate on a current deposit is very low.

Facing the situation of banks, many people can only swallow their anger because they cannot change the bank. However, since the launch of Alipay and WeChat Pay, it has solved many of our problems, such as no longer having to transfer money. , there is no handling fee for withdrawing cash at the beginning, and you can get interest when you put the money on some financial management platforms such as Yu'e Bao. Therefore, Alipay and WeChat payment have been warmly welcomed by everyone since they were launched, because they have solved everyone's pain points. .

Second, the user base is small.

Mobile payment is still very different from traditional banks. One customer of a traditional bank can bring them tens of thousands or even millions of profits, but for mobile payment companies, each customer can bring them tens of thousands or even millions of profits. The profit contributed by customers is very small.

If there is no huge user base, many mobile payment companies may suffer losses. At present, the population of many Western countries is very small, and the population of most countries is less than 50 million. This Even if more than half of the people there use mobile payment, it may not be able to make mobile payment companies profitable. This is why mobile payment companies in some developed countries develop slowly or even go bankrupt.

The reason why mobile payment can develop in full swing in China is because China has a huge user base. China has a population of 1.4 billion. At present, the number of mobile payment users has reached at least 1 billion. Even if each person only has Contributing tens of dollars is a large sum for a mobile payment company, which can support their operations and achieve considerable profits.

For some mobile payment companies in the United States, the number of customers they have is also very large. On the one hand, the United States itself has a population of 300 million, and these mobile payment companies also target the world, so they The number of users is also very large, so American mobile payment companies are also able to survive and grow.

Third, e-commerce is not very developed.

To a certain extent, the development of mobile payment in my country is actually accompanied by the development of e-commerce. Before the development of e-commerce, mobile payment did not exist at all.

However, with the continuous development of e-commerce in our country, if everyone wants to shop online, they must open corresponding online banking. However, different people hold different bank cards, so the payment process is A rather troublesome thing.

In order to solve the troublesome problem of payment between different banks, Alibaba launched Alipay. When Alipay was first born, it was actually to solve the problem of online shopping payment.

Subsequently, various mobile payment companies also appeared. This mobile payment company acted as an intermediary link, linking various banks together, which greatly facilitated everyone's shopping.

But when mobile payment develops to a certain scale and has a huge user base, these mobile payment companies can expand other businesses, such as financial management, lending, third-party services, etc. , so that their profit margins are further increased.

Compared with the rapid development of e-commerce in our country, e-commerce in some developed countries is actually not very developed at present. Residents of many countries prefer to shop offline. After all, for these countries , their residents have relatively high income levels, and their shopping is more concerned about quality rather than cost-effectiveness. Online shopping is more concerned about cost-effectiveness. Therefore, e-commerce in many Western developed countries is not very developed, and the corresponding mobile payments are not very developed. Lack of certain development soil.