Comparative Analysis of the Development of China’s Payment By Phone Number and Zelle in the United States

DOI

10.2991/978-94-6463-408-2_10How to use a DOI?

Keywords

China payment by phone number; Zelle; Digital Payment Tool; Development Model

Abstract

This article introduces the background, development status, advantages, and performance of China’s payment by phone number service and Zelle payment tool in the United States, and points out the problems and disadvantages of both. Then analyze the similarities and differences between the two in terms of development models and market size, cross-border payments, security, and privacy protection, and seek inspiration from them. Finally, suggestions were proposed to strengthen partnerships, enhance user experience, and enhance security protection, Intended to provide experience and reference for payment service providers in other countries and relevant industries.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Chengcheng He
PY  - 2024
DA  - 2024/05/07
TI  - Comparative Analysis of the Development of China’s Payment By Phone Number and Zelle in the United States
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 82
EP  - 88
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_10
DO  - 10.2991/978-94-6463-408-2_10
ID  - He2024
ER  -