E-commerce payment systems

American, Chinese companies compete for U.S. mobile payment adoption

The race is on — between American and Chinese companies alike — to get U.S. consumers to pay for everything with their phones. But as the chart below makes plain, that market barely exists.

Adapted from CivicScience; Chart: Andrew Witherspoon/Axios

The U.S. is out of step with the rest of the world on mobile payments

Adapted from CivicScience; Chart: Andrew Witherspoon/Axios

Despite well-documented pushes by Apple, Samsung and others into the mobile payments space, more Americans still write checks than use mobile payments.

The big picture: The U.S. is growing increasingly out of step with the rest of the world. By 2022, mobile payments from companies like Alipay, WeChat Pay and others are projected to account for nearly 50% of global e-commerce sales.