Sou Hu Cai Jing·2025-12-18 23:15Core Viewpoint - The widespread adoption of mobile payment in China contrasts sharply with its limited use in developed countries, primarily due to concerns over data security and privacy, as well as entrenched payment habits and infrastructure issues [1][11][19]. Group 1: Data Security and Privacy Concerns - In developed countries, data security and privacy protection are major public concerns, leading to higher operational costs and legal risks for payment institutions [3]. - A data breach incident in the EU resulted in the exposure of personal information for approximately 1.2 million users, significantly eroding consumer trust in mobile payments [5]. - Continuous reports of mobile payment fraud and data breaches heighten the sensitivity around financial and personal data protection in developed nations [7]. Group 2: Infrastructure and Technological Limitations - The lack of stable network infrastructure in some developed regions, particularly rural areas, hampers the reliability of mobile payment systems [13]. - Users often experience failed transactions due to unstable signals, reinforcing the reliance on cash payments in these areas [13]. Group 3: Established Payment Habits - Consumers in developed countries have long-standing habits of using credit cards and cash, which creates a barrier to adopting mobile payment systems [15]. - Small businesses may be reluctant to invest in mobile payment technology, preferring the simplicity and lower costs associated with cash transactions [15]. Group 4: Industry Resistance and Economic Interests - The credit card industry in the U.S. generates over $80 billion annually, with a significant portion derived from transaction fees, leading to resistance against mobile payment adoption [19]. - German banks express concerns that mobile payments could disrupt the existing financial system, resulting in a lack of proactive support for mobile payment technologies [21]. Group 5: Comparative Analysis with China - In China, mobile payment has rapidly penetrated various sectors, supported by a cooperative mechanism between banks and third-party payment platforms, facilitating widespread adoption [23]. - The Chinese government has implemented measures to ensure that the promotion of mobile payment does not disrupt financial order while protecting user rights [23]. - Continuous improvements in addressing risks associated with mobile payments, such as fraud and data breaches, are being made in China, including the establishment of compensation funds and risk monitoring systems [27].