Digital RMB and Its Predecessor: A Comparison with Mobile Payment Platforms
DOI:
https://doi.org/10.54097/fbem.v7i2.4885Keywords:
Mobile payment, Digital RMB, Alipay, WeChat Pay.Abstract
While the times are developing, the means of payment are being upgraded at the same time. Mobile payment plays a very important role in China at this stage, and is one of the main means of payment for daily consumption, as well as an integral part of the entire transaction chain. As consumers, how does the emergence of new payment methods affect their consumption? From an economic point of view, the price of goods and the income of consumers affect their consumption behavior, so in this paper, mobile payment is selected as a case study from the perspective of payment methods, and theoretical analysis is made and suggestions are made to optimize the use of digital RMB from an economic point of view.
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