Advances in Economics, Management and Political Sciences

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Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ

Series Vol. 3 , 21 March 2023

Open Access | Article

A Sino-US case study of the mobile payment fintech companies

Binwei Lin * 1
1 LeBow College of Business, Drexel University, Philadelphia, PA19014, United States

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 3, 88-99
Published 21 March 2023. © 21 March 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Binwei Lin. A Sino-US case study of the mobile payment fintech companies. AEMPS (2023) Vol. 3: 88-99. DOI: 10.54254/2754-1169/3/2022769.


The popularity of smartphones and mobile networks has led modern people to live in an era of electronic payments and a cashless society. Big tech giants use capital and technology strength in constant penetrating of the financial industry, trying to preempt a first move in mobile finance. By constructing a comparative analysis, this paper attempts to dive into the strategies of recent mobile payment business players both in China and the USA, the newcomers and evolving trend of the competition, key factors that underpin the success of client loyalty, and future competitive advantage and limitations in an economy with multivariate currency media available. The paper concludes that in an economic environment where state-backed and privately issued digital currencies coexist, and the metaverse concept emerges, tech companies should lay out new business forms of mobile payment and seek new roles as a medium that embraces all three types of currencies and continue to benefit the digital economy and society. It is rational to expect that tech tycoons can embrace challenges in the mobile payment marketplace and are ready to thrive in the newly derived metaverse market.


cryptocurrency, NFC, CBDC, mobile payment


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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
ISBN (Print)
ISBN (Online)
Published Date
21 March 2023
Advances in Economics, Management and Political Sciences
ISSN (Print)
ISSN (Online)
21 March 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated