Comments on Mobile Payment in China: Practice and Its Effects

Abstract

October 01 2020 Comments on Mobile Payment in China: Practice and Its Effects Author and Article Information Online Issn: 1536-0083 Print Issn: 1535-3516 © 2020 by the Asian Economic Panel and the Massachusetts Institute of Technology2020Asian Economic Panel and the Massachusetts Institute of Technology Asian Economic Papers (2020) 19 (3): 19–20. https://doi.org/10.1162/asep_a_00780 Cite Icon Cite Permissions Share Icon Share Twitter LinkedIn Views Icon Views Article contents Figures & tables Video Audio Supplementary Data Peer Review Search Site Citation Comments on Mobile Payment in China: Practice and Its Effects. Asian Economic Papers 2020; 19 (3): 19–20. doi: https://doi.org/10.1162/asep_a_00780 Download citation file: Ris (Zotero) Reference Manager EasyBib Bookends Mendeley Papers EndNote RefWorks BibTex toolbar search Search Dropdown Menu nav search search input Search input auto suggest search filter All ContentAll JournalsAsian Economic Papers Search Advanced Search Iikka Korhonen, Bank of Finland: The paper provides an excellent overview of many aspects of China's mobile payments sector. In a relatively short time this sector has developed from almost scratch to one of the most advanced in the world. In addition, the paper utilizes measures of digital financial inclusion (Wang et al. 2019) to assess several aspects of Chinese households’ behavior and, for example, risk-sharing. Section 2 is interesting in the way it recounts the history of China's mobile payment industry. It recounts the rapid development of the industry, especially during the past five to six years. In addition, the network effects described in Sections 2 and 3 highlight an interesting organic development of a virtual duopoly in the Chinese mobile payment industry. In addition, they highlight how regulation—or, more precisely, lack of it—has allowed Chinese companies to innovate at a rapid pace and start utilizing novel technologies... You do not currently have access to this content.