先买后付、加密货币钱包支付快速发展，全球支付呈现四大趋势

Core Viewpoint - The global payment industry is undergoing significant transformation, driven by technological innovation and evolving regulatory frameworks, with a focus on enhancing service to the real economy [1][3]. Group 1: Global Payment Industry Trends - The report identifies four major trends in the global payment industry: regionalization and infrastructure development, accelerated application of technologies like AI and blockchain, a focus on regulatory consistency, and the emergence of new payment models such as A2A payments and BNPL [3][4]. - The shift from traditional transaction processing to more intelligent financial infrastructure highlights the growing importance of payment systems within the financial ecosystem [3][5]. Group 2: China's Payment Industry Development - China's payment industry is characterized by its leading global scale, with a focus on ecological, open, and compliant development following the explosive growth of mobile payments [6][7]. - The industry has formed a diverse ecosystem, integrating both physical and digital card issuance, with digital wallets becoming central payment tools [7][8]. - As of the second quarter of 2025, non-bank payment institutions in China processed 333.845 billion network payment transactions, amounting to 82.11 trillion yuan [7]. Group 3: Innovation and Competition - The payment industry is experiencing a homogenization of services, leading institutions to seek new growth points through technological advancements [5][8]. - The competitive landscape is shifting towards financial technology and value-added services, with institutions focusing on digitalization and tailored solutions for specific industries [8].