According to Taiwan's "United Daily News" reported on December 28, the analysis report shows that in 2016, major brands in the smart phone industry are competing to build their own mobile payment ecosystem, and global mobile payment is booming. It is expected that the global scale will reach 780 billion US dollars in 2017. The growth rate is 25.8%.
Analysts pointed out that looking at the mobile payment market in 2016, Apple and Samsung dominated the brand. In terms of operating systems, Android alone accounted for more than 50% of the global market. As an old competitor of Apple and Samsung, in order to strengthen its competitiveness, Google chose to cooperate with Japan Lotte in December to enter the relatively closed Japanese market. Since then, Google Android Pay will be based in Japan relying on the Lotte Edy payment system, and it is expected to receive support from eMoney, Visa, MasterCard and Tokyo Mitsubishi Bank.
In addition, with the popularity of mobile payment, payment security has become more and more concerned. 2017 is becoming the mainstream as smartphones with NFC chips are more convenient and safe to pay. In addition, major mobile payment vendors will continue to enhance the security of their respective algorithms, and then add a variety of authentication modes to make mobile payment security more secure.
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