Shenzhen Rakinda Technologies Co., Ltd.

Australia is one of the major overseas Chinese settlements, but also the third largest overseas Chinese tourist destination. The local mobile payment market, especially mobile phone payment, still has a larger space for development. In the fierce competition, China Mobile payment enterprises come from behind to develop their own a new world.

In recent years, the mobile payment that has been popular in China is also in Australia to be popularized. Chinese mobile payment 2D QR code logo is everywhere, becoming popular new hot spots of consumer payment. Chinese Mobile payment is leading the new trend in Australia.

Mobile payment space is huge
Chinese consumer market has a great potential in Australia, mobile payment can be said here is a fineness of gold, China Mobile payment companies, and financial innovation companies are devoted into this “gold rush” rapidly.

From a global perspective, with the mobile Internet and smartphones quickly spread, the market growth rate of global mobile payment is about 38% in recent years. In 2016, it is more than 600 billion US dollars, and it is expected that may be close to one trillion US dollars this year, the development potential is enormous in future.

In general speaking, Australia is one of the most mature countries for non-contact payments (NFC). In the daily life of the Australians, whether it is to go to the supermarket shopping, or go outside by bus, the almost all daily consumption are non-contact credit card, the payment market has been very mature.

Comparing to the increasingly mature NFC, the popularity of mobile payment is very slow in Australia, so that Chinese tourists “do not adapt to that.” According to the survey, the current usage of mobile phone payment is about 20% of consumers in Australia, far lower than China, India and other developing countries. But mobile payments are more popular among young people. At the same time, high-income people are more receptive to accept new payments. From this, the local mobile payment market, especially mobile phone payment, still has a larger space for development.

RoyalPay, a young financial innovator, is the first agency service provider of WeChat Pay in Australia, and is also Australia’s largest offshore third party fast payment platform. Currently, the RoyalPay market share is twice of Apple Pay in Australia. At this stage, 2D barcode payment and aggregation payments are the best way to achieve inclusive finance. Royal payments will strive to bring China’s excellent and mature mobile payment technology to the Australian and New Zealand markets.

People will use the mobile payment in many places, like supermarket, restaurant and hotel etc. Just need the desktop barcode scanner, which is convenient for customers and cashiers. Rakinda, a leading professional manufacturer of barcode scanner engines, can offer you a whole solution about barcode mobile payment.