Yan Fang, head of the Payment and Settlement Department of the People's Bank of China, said that mobile payment is our country's advantage, and the current penetration rate has reached 86%. According to statistics, from January to February 2024, more than 900000 of the immigrants used mobile payment, and more than 2000 million transactions were realized, with an amount of more than 3 billion yuan. In the-share market, many listed companies actively promote the research and development and innovation of mobile payment-related technologies, and accelerate the launch of related products and expand product applications.

Source: Photograph Network

More than 900000 people entering the country in the first two months of 2024 use mobile payment

On April 1, 2024, the State Council Information Office held a press conference. Yan Fang, head of the Payment and Settlement Department of the People's Bank of China, said at the meeting that mobile payment is our country's advantage, and the current penetration rate has reached 86%. Foreign friends can also use mobile payment in my country. For example, they can use Alipay, WeChat, etc. to bind overseas bank cards and make code scanning payments in China; if they are from Singapore, Malaysia, Thailand, South Korea, Mongolia and other countries and regions, Their own e-wallets can be used directly in my country.

Mobile payment refers to the number and amount of business initiated by customers using mobile devices such as mobile phones through bank settlement accounts. According to statistics, from January to February 2024, more than 900000 of the immigrants used mobile payment, and more than 2000 million transactions were realized, with an amount of more than 3 billion yuan.

the "overall situation of the operation of the payment system in 2023" released by the people's bank of China shows that in terms of electronic payment, in 2023, the bank handled a total of 296.163 billion electronic payment transactions with an amount of 3395.27 trillion yuan, up 6.17 per cent and 9.17 per cent respectively over the same period last year. Among them, there were 185.147 billion mobile payment transactions with an amount of 555.33 trillion yuan, up 16.81 and 11.15 respectively year on year.

A number of listed companies launched mobile payment related products

With the wide application of mobile payment, many listed companies actively participate in the research and development of related technologies and launch related products.

Jiangsu pass treasure smart transportation technology co., ltd (securities abbreviation: pass treasure; Securities code: 301339.SZ) disclosed in the summary of 2023 annual report that in terms of intelligent transportation electronic toll collection business, the company independently developed a highway mobile payment platform to provide electronic toll collection, clearing and settlement services for customers such as highway operation and management units, and collected technical service fees according to a certain proportion of the amount of electronic toll collection.

Tongbao is the country's leading provider of intelligent transportation platform solutions for highways, trunk highways and urban transportation. The company's main business includes ETC as the carrier of intelligent transportation electronic toll business, cloud technology as the platform of intelligent transportation operation management system business, intelligent transportation derivative business.

By the end of 2023, the company had independently developed 11 core technologies and acquired 326 intellectual property rights, including 29 invention patents, 53 utility model patents, 18 appearance patents and 226 software copyrights. At the same time, the company has participated in the preparation of 7 work regulations of the Ministry of Transport and 1 group standard of the China Highway Society, and led the preparation of 1 local standard in Jiangsu Province, forming a scientific and technological research and development system with independent intellectual property rights.

Jiangsu Wuyang Parking Industry Group Co., Ltd. (securities abbreviation: Wuyang Parking; Securities code: 300420.SZ) said on January 12, 2024 in Shenzhen Stock Exchange Interactive Exchange that the company is committed to the research and development of intelligent parking equipment, combining Internet technology, AI technology, mobile payment technology, etc., and tries its best to bring high-quality experience to parking users.

relying on the advantages of equipment manufacturing, wuyang parking is committed to becoming an integrated service provider of smart city parking investment, construction and operation. The company actively extends to the field of parking lot construction and parking industry operation and management services. By the end of the first half of 2023, the company has invested in a number of smart parking projects in Fujian, Chongqing, Yunnan, Jiangxi and other provinces. At present, the parking asset categories that the company has invested and operated include commercial and office complexes, office buildings, transportation hubs, hospitals, city-level roadside parking, parks and scenic spots, etc., and the business scope is mainly concentrated in Shanghai, Beijing, Tianjin, Jiangxi, Kunming, Chongqing and other cities. In the first half of 2023, the company's parking lot operating segment revenue was 46.1606 million yuan, up 36.14 percent year-on-year.

Beijing Kelan Software System Co., Ltd. (securities abbreviation: Kelan Software; Securities code: 300663.SZ) pointed out on November 30, 2023 that the company's Hongmeng product related team had completed the research and development and commercial delivery of Hongmeng atomization service card and Hongmeng native APP of mobile phone bank, released Hongmeng mobile financial technology platform, and had financial transaction-level security, help provide financial customers with online financial services including financial product sales, credit cards and mobile payments.

on November 7 of the same year, the company also pointed out in the record of investor relations activities that the core competitiveness of the company is actually the innovation ability of the bank's Internet and mobile payment, and the company's main business is also in this segment. In fact, the company began to do online banking in China as early as 1999. When Tencent's Weizhong Bank, Ali's Internet Merchant Bank and Baidu's Baixin Bank were established in the first phase, their Internet transactions and online transactions were all products and services provided by Kelan Software.

The company's 2023 semi-annual report shows that the company's customers have covered large state-owned banks such as Bank of China, Agricultural Bank, China Construction Bank, Postal Savings Bank, Export-Import Bank, China Development Bank, policy banks, and most cities. Commercial banks, rural commercial banks, and foreign banks have developed more than 2000 business systems for more than 500 banks and non-bank financial customers, and maintained long-term cooperative relations with them.

Listed companies actively "embrace" mobile payment

In addition to the above companies, there are many listed companies actively layout mobile payment related fields.

Leon Technology Co., Ltd. (securities abbreviation: Leon Technology; Securities Code: 300603.SZ) On March 29, 2024, when answering questions from investors, the company's subsidiary Hangzhou Wochi Technology Co., Ltd. is mainly engaged in telecom operators' value-added services, mainly involving digital media reading, film and television animation, video software, game applications and other mobile cultural and entertainment products to provide one-stop services such as content integration and distribution, digital media marketing, mobile payment and billing.

Shenzhen Sanda Industrial Co., Ltd. (securities abbreviation: Shenzhen Sanda A; Securities code: 000032.SZ) stated on January 3, 2024 that the company's financial industry solutions adopt artificial intelligence, Internet of Things, big data and other technologies., Digital upgrade and intelligent transformation of traditional bank outlets to improve branch service efficiency and customer experience. The scheme includes intelligent self-service equipment, non-inductive identification technology, virtual customer service, mobile payment and other technical applications, which can realize a more convenient, efficient and safe service mode and provide customers with better financial services.

gkewei co., ltd. (securities abbreviation: gkewei; securities code: 688728.SH) the 2023 semi-annual report shows that the company is one of the leading domestic and internationally renowned semiconductor and integrated circuit design enterprises. its main business is the research and development, design, sealing and sales of CMOS image sensors and display driver chips. The company's products are mainly used in the field of mobile phones, and are widely used in consumer electronics and industrial applications including tablets, laptops, wearable devices, mobile payment, automotive electronics, etc.