Core Insights - ByteDance's founder Zhang Yiming is expanding into the offline payment market with the launch of the "Douyin Buy" feature, allowing users to pay at physical stores using the Douyin app [2][4][10] Group 1: Payment Strategy - Douyin has entered the offline payment market after acquiring a payment license in 2020 and significantly increasing its registered capital from 150 million to 3.15 billion yuan, marking a 20-fold increase [4][6] - The acquisition of a 100% stake in a subsidiary with a payment license for "bank card collection" enhances Douyin's capabilities in offline payment, addressing previous limitations [6][8] Group 2: Business Integration - The introduction of "Douyin Buy" completes the integration of Douyin's local service offerings, allowing users to transition from content consumption to payment without leaving the app [8][10] - This feature not only facilitates payments but also helps merchants convert public traffic into private followers, enhancing customer retention through subsequent marketing efforts [8][10] Group 3: Competitive Landscape - Douyin's entry into the payment space introduces a new variable in China's mobile payment market, traditionally dominated by WeChat Pay and Alipay [10][12] - The unique integration of content and payment in Douyin's model creates a competitive barrier that traditional payment tools cannot easily replicate [10][12] Group 4: Challenges and Investments - Douyin faces challenges in changing user payment habits, as WeChat Pay and Alipay have established strong user bases over the past decade [12][13] - To encourage merchant adoption, Douyin is prepared to invest in promotional costs and subsidies, aiming to create a network effect as users become accustomed to completing transactions within the app [13]

12月13日美股成交额前20：博通股价创10个月来最大跌幅 12月13日热门中概股涨跌不一 网易涨2.11%，台积电跌4.17% 周五国际油价因供应过剩担忧小幅走低 现货黄金涨0.53% 本周累涨约2.5% 欧洲股市从创纪录高点附近回落 美国科技股下跌带来压力 宏观 欲览更多环球财经资讯，请移步7×24小时实时财经新闻 上周市场回顾 12月13日收盘：美股收跌纳指下跌400点 AI个股普跌 特朗普称美联储新掌门将倾向于降息 哈塞特称特朗普可自由就美联储政策发表意见 美国特使称美乌柏林会谈取得"重大进展" 美乌代表团将于15日继续商讨"和平计划" 美国安全专家：乌克兰放弃加入北约目标不会改变和谈进程 美国众议院共和党医保计划不延长"奥巴马医改"补贴 泽连斯基：乌克兰已放弃加入北约 美墨达成协议 解决格兰德河水争端 悉尼邦迪海滩发生致命枪击案 警方已拘留两人 美叙部队在叙利亚中部遭袭 三名美方人员死亡 黎真主党领导人称永远不会解除武装 斯塔默与冯德莱恩讨论乌克兰和平计划及俄罗斯冻结资产问题 美国布朗大学发生校园枪击事件 公司 报道：SpaceX 启动华尔街投行竞标 为潜在IPO甄选承销商 SpaceX敲定内部股票 ...

这份报告核心结论是2030年全球消费支付将发生深刻变革，支付会更便捷、无形化，但全球不会形成统一模式，而是根据"全球合作程度"和"创新采纳速 度"，分化出四种不同场景，各场景下支付生态、用户体验和行业挑战差异显著。 ### 一、2030年支付行业的整体趋势 1. 支付将变得"无形且智能" - 数字支付规模会持续扩大，2030年预计超33.5万亿美元（2024年为18.7万亿美元），年增速10.2%。 - 数字钱包会成为主流，2030年将占全球电商支付的66%、线下POS支付的45%，支付流程会嵌入购物全环节，不再是单独步骤。 - 生物识别（人脸、指纹等）替代密码、刷卡，实时支付成为常态，跨境支付可能像发消息一样便捷，数字货币（稳定币、央行数字货币等）会广泛应用。 2. 不确定性带来分化 - 地缘政治可能分裂全球支付体系，部分国家尝试脱离美元储备货币，影响现有交易规则。 - 各国监管框架、技术创新速度不一，导致不同地区支付方式竞争主导地位，不会出现全球统一的支付模式。 ### 二、四大未来场景：支付生态各有不同 报告以"全球合作程度"（是否与他国联动）和"创新采纳速度"（是否主动拥抱新技术）为核心，划分出四种场 ...

"随时随地使用你最喜欢的支付工具，就像在家一样。"这是腾讯公司副总裁、腾讯金融科技业务负责人 林海峰对未来支付给出的终极答案。这背后，正是支付普惠化的体现——通过多样化、包容性的支付服 务满足不同群体，尤其是农村常住人口、老年人、外籍人员等的需求，让支付"人人可得、处处可用"。 当前，我国普惠金融实现高质量发展，基础金融服务广泛覆盖，而其中支付的升级成效尤为突出。老年 人支付"数字鸿沟"加快弥合，乡村支付"最后一公里"逐步打通，外籍人士在华支付"无感丝滑"；数字技 术赋能下，"普惠支付"还将迎来更多可能。 一方面为提升金融服务的覆盖面与普及率，另一方面为提高可得性，围绕这些普惠支付内涵，从监管到 各地方政府再到支付机构，一场持续数年的"攻坚战"展开，如今成效初显。 人民银行发布的《中国普惠金融指标分析报告（2024—2025年）》（以下简称《报告》）谈及普惠支付 的发展情况时提出，"优化完善银行账户、数字人民币、现金等服务，保障广覆盖、差异化和多样性的 支付服务渠道"。 从覆盖范围来看，数据显示，我国形成了广泛覆盖、安全高效的支付清算体系，4000多家商业银行、 180余家非银行支付机构有效满足了1.6亿经营 ...

"随时随地使用你最喜欢的支付工具，就像在家一样。"这是腾讯公司副总裁、腾讯金融科技业务负责人林海峰对未来支付给出的终极答案。这背后，正是支 付普惠化的体现——通过多样化、包容性的支付服务满足不同群体，尤其是农村常住人口、老年人、外籍人员等的需求，让支付"人人可得、处处可用"。 当前，我国普惠金融实现高质量发展，基础金融服务广泛覆盖，而其中支付的升级成效尤为突出。老年人支付"数字鸿沟"加快弥合，乡村支付"最后一公 里"逐步打通，外籍人士在华支付"无感丝滑"；数字技术赋能下，"普惠支付"还将迎来更多可能。 移动支付全球第一 普惠支付应如何定义？通常来讲，这是普惠金融的重要组成部分，旨在以可负担的成本为社会各阶层提供便捷、安全的支付服务，尤其关注小微企业、老年 人、农民等群体的金融需求。 互联互通不充分 2024年3月，国务院办公厅印发《关于进一步优化支付服务提升支付便利性的意见》，强调要聚焦老年人、外籍来华人员等群体支付不便问题，多措并举打 通服务堵点。如今相关工作已进入"常态化"阶段。然而，当前普惠支付仍面临部分挑战。 首先是农村地区支付基础设施薄弱的问题。人民银行河南省分行数据显示，河南作为全国农业大省，农村 ...

激发和释放居民购买力，金融大有可为。 有钱才能愿消费、敢消费，是颠扑不破的道理。然而，当前消费市场的供需两端仍面临多重堵点。 需求侧，受宏观经济波动、收入预期不稳等因素影响，"不敢消费""不愿消费"成为不少人的普遍心态；供给侧，消费领域的金融服务仍存断点与盲区，未能 充分匹配市场需求。 做大消费蛋糕，需要让老百姓的钱袋子鼓起来，包括想方设法提高居民财产性收入，也包括让居民消费有充足的金融服务支撑，从而化消费意愿为消费能 力。 从这个角度来说，金融促消费是扩大内需的必要之举。当前，消费市场正经历从规模扩张向品质升级转型，这既需要金融机构加大资源投入，也需要监管部 门出台针对性政策。 从银行机构、消费金融公司推出的普惠信贷与消费分期服务，到保险机构强化民生保障以解除消费后顾之忧，再到支付机构持续优化消费服务体验，各类金 融主体正拧成一股绳，试图"大力出奇迹"，全方位激活消费金融的服务效能。 政策端则构建起协同联动机制，货币政策提供流动性并引导方向，财政政策则通过财政贴息直接减轻消费与金融服务成本，产业政策明确消费升级与养老等 重点领域，有效避免了政策"孤岛效应"，通过"1+1>2"的乘数效应，切实缓解"不敢消费" ...

Core Viewpoint - The article discusses the anticipated mainstream adoption of AI-assisted shopping by 2026, with a significant shift expected in consumer behavior towards interactive shopping experiences facilitated by AI platforms like ChatGPT [3][5]. Group 1: AI-Assisted Shopping - AI-assisted shopping is expected to transition from a niche experience to a common practice among consumers by 2026, with AI assistants playing a crucial role in shopping decisions [5][6]. - The evolution from "AI-assisted decision-making" to "agentic commerce," where AI robots handle payments and purchases autonomously, will take more time due to consumer reluctance to relinquish control over final transactions [6]. Group 2: Global Payment Giants - Global payment companies are rapidly positioning themselves to capitalize on the shift towards AI-assisted shopping, aiming to secure their place as consumers increasingly engage with chatbots [8]. - Visa is actively communicating with all major industry players, while Mastercard has partnered with Microsoft, and PayPal has signed an agreement with OpenAI to integrate its digital wallet into OpenAI's chatbot [8].

Core Insights - The president of Visa's global market group, Oliver Jenkyn, anticipates that "AI-assisted shopping" will become mainstream by 2026 as collaborations between payment giants and AI companies accelerate [1][2] - Jenkyn highlights that while chatbot-based shopping features will be launched in 2025, the real turning point will occur next year, making interactive shopping through platforms like ChatGPT a common practice for consumers [2] - The transition from "AI-assisted decision-making" to a more advanced "Agentic Commerce," where AI robots fully handle payments and purchases, will take time due to consumer psychological inertia [2] Industry Trends - Global payment giants are rapidly positioning themselves to capitalize on the upcoming paradigm shift as consumers turn to chatbots for shopping [3] - Visa is currently in discussions with all major industry players, while Mastercard has partnered with Microsoft, and PayPal has signed an agreement with OpenAI to integrate its digital wallet into OpenAI's chatbot [3]

早前，7月22日，儒意控股发布公告指出，计划以2.4亿元收购快钱金融服务（上海）有限公司（以下简 称"快钱金融"）30%股权，但相关交易还需要满足人民银行批准等部分先决条件后方可完成，而快钱金 融全资持有的快钱支付。 北京商报讯（记者 廖蒙）12月12日，人民银行非银行支付机构重大事项变更许可信息公示业务发生更 新，同意快钱支付清算信息有限公司（以下简称"快钱支付"）的实际控制人变更为自然人柯利明。而柯 利明是港股上市公司儒意控股的董事长，这也意味着，快钱支付正式告别 "万达系"，公司迎来新股 东。 ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The report highlights the increasing adoption of stablecoins in cross-border payments, driven by regulatory frameworks in developed economies and the active involvement of global payment and fintech companies [3] - Stablecoins are expected to innovate the cross-border payment ecosystem through blockchain technology, creating a new payment paradigm that encompasses multiple currencies, regions, and scenarios [3] Summary by Sections Traditional Non-Bank Financial Institutions' Multi-Dimensional Layout - Traditional remittance institutions are integrating stablecoins into their business models, enhancing cross-border payment systems through various methods such as self-built applications and open APIs [5] - Major remittance companies like MoneyGram and Western Union are launching stablecoin projects, with MoneyGram introducing a stablecoin mobile app in Colombia and Western Union exploring its own USD stablecoin [5][6] International Card Organizations' Stablecoin Strategies - Visa and Mastercard have significantly increased their investments in stablecoin cross-border payment services since 2025, focusing on integrating blockchain technology with real-world payment systems [6][12] - Visa aims to create a stablecoin-based ecosystem, enhancing its payment network and introducing a programmable digital currency platform for financial institutions [7][11] - Mastercard is developing a distributed network for stablecoin transactions and has launched various initiatives to integrate stablecoins into its payment ecosystem [12][15] SWIFT's Strategy and Initiatives - SWIFT is building a blockchain-based shared ledger to support stablecoin and tokenized asset transactions, aiming to maintain its central role in cross-border settlements [16][17] Third-Party Internet Payment Platforms - Third-party internet payment platforms are rapidly developing stablecoin capabilities, with companies like PayPal and Worldpay enhancing their services to include stablecoin payments [19][20] - PayPal plans to expand its stablecoin, PYUSD, to over 20 million small and medium-sized merchants, significantly reducing cross-border payment costs [20] Native Blockchain Companies - Native blockchain companies are pushing for the practical application of stablecoins in cross-border payments, with Ripple and Paxos leading initiatives to integrate stablecoins into traditional financial systems [22][26] Growth of Stablecoin Transactions - The total transaction volume of stablecoins is rapidly increasing, with an estimated $5.7 trillion in transactions in 2024, primarily serving as a payment tool within the cryptocurrency ecosystem [27] - B2B cross-border payments represent a significant opportunity for stablecoins, with potential market sizes reaching $18.8 trillion in non-G10 markets [29]