Mobile Payment Innovations in China: China UnionPay’s Practice and Experience

Quan Sun (), Yongkai Zhou () and Tao Tang ()
Additional contact information
Quan Sun: China UnionPay
Yongkai Zhou: China UnionPay
Tao Tang: China UnionPay

Chapter Chapter 12 in Business Innovation with New ICT in the Asia-Pacific: Case Studies, 2021, pp 257-279 from Springer

Abstract: Abstract The popularization of mobile internet has given rise to the demand for flexible and convenient payment methods. For China, it is necessary to keep pace with or even lead the trend of innovation and development in the age of mobile payment. From the perspective of systems engineering, this chapter introduces the research and practice of China UnionPay’s mobile payment project. The general requirements and core engineering problems of the mobile payment project are summarized based on the analysis of the characteristics and engineering difficulties. Integrated innovation of technologies is introduced to resolve the contradiction between ease-of-use and security. Rapid iterative development process is adopted to improve the product release efficiency as well as user experience. The launch of the mobile payment project also opens the window to coordinate the whole payment industry for upgrading and quality-improving.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-15-7658-4_12

Ordering information: This item can be ordered from
http://www.springer.com/9789811576584

DOI: 10.1007/978-981-15-7658-4_12

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().