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BI IntelligenceThis is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.<br><br>The US payments ecosystem is in the midst of a shift toward mobile, and countless new and old stakeholders are attempting to accelerate this migration, which is moving at a glacial pace relative to other markets globally. But mobile payments can rise to the mainstream. For companies seeking to build out a robust mobile payments product, China's thriving mobile payments ecosystem offers some insight - and some lessons.  <br><br>Total mobile payments volume in China will reach $6.3 trillion by 2020, according to our estimates based on iResearch data. This marks a healthy 33% five-year compound annual growth rate (CAGR). In comparison, the US will generate $154 billion in mobile payments volume this year by our estimates, which amounts to just 6.5% of China's mobile payments volume. <br><br>Even accounting for population discrepancies, China will generate over $1,700 in mobile payments volume per capita in 2016, compared with $475 in the US, based on forecasts from BI Intelligence and eMarketer. China's advantage will eventually diminish, but it will still produce around twice as much volume per capita in 2020. <br><br>China has unique factors buoying the industry, like the dominance of mobile phones, a lack of legacy infrastructure, and the surging popularity of digital retail marketplaces. Some of the characteristics behind the country's success can be mimicked, or even replicated to some extent, in other markets like the US. However, one fundamental barrier in the US is that it's being forced to layer mobile payments on top of an existing payments system, and the ecosystem is very fragmented.<br><br>A new report from BI Intelligence takes a deep dive into China's mobile payments ecosystem and deciphers which growth drivers can be exported to the US to help spark its relatively lackluster market. <br><br>Here are some of the key takeaways:<br><br><br>China claims the world's largest mobile payments market and serves as the global benchmark for other markets to pursue. China will process a whopping $6.3 trillion in total mobile payments by 2020, according to our estimates based on iResearch data. This marks a healthy 33% five-year compound annual growth rate (CAGR).<br><br>It dwarfs the US' mobile payments industry. The US will generate $154 billion in mobile payments volume this year by our estimates, which equates to just 6.5% of China's mobile payments volume. Meanwhile, China will generate over $1,700 in mobile payments volume per capita in 2016, compared with $475 in the US, based on forecasts from BI Intelligence and eMarketer.<br><br>Mobile commerce, a lack of legacy infrastructure, and marketplaces have fueled China's enormous success. Consumers in China are much more comfortable shopping on their mobile phones compared with their counterparts in the US, and the devices face less resistance from other legacy payments methods like credit cards. The open approach to mobile shopping has been fortified by Alibaba, a Goliath-sized marketplace, and WeChat, a go-to messaging platform, which support Alipay and Tenpay, respectively. <br>In full, the report:<br><br><br>Forecasts and compares mobile payments volume, in-store mobile payments users, mobile payments volume per capita, and mobile commerce penetration in China and the US. <br><br>Overviews the key competitors in China's mobile payments market, and how new entrants may shuffle the hierarchy of dominant players.<br><br>Uncovers the key drivers propelling China's mobile payments market.<br><br>Identifies which drivers the US can import from China, and which barriers may be standing in the way.<br>Interested in getting the full report? Here are two ways to [https://goo.gl/G2mPXW subway runner] access it:<br><br><br>Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now <br><br>Purchase & download the full report from our research store. >> Purchase & Download Now<br>Learn more:<br><br>Credit Card Industry and Market<br><br>Mobile Payment Technologies<br><br>Mobile Payments Industry<br><br>Mobile Payment Market, Trends and Adoption<br><br>Credit Card Processing Industry<br><br>List of Credit Card Processing Companies<br><br>List of Credit Card Processing Networks<br><br>List of Payment Gateway Providers<br><br>M-Commerce: Mobile Shopping Trends<br><br>E-Commerce Payment Technologies and Trends
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Canada's chief of defence staff declared this week that the Canadian military services needs new drones and he needs those drones to be equipped - an upgrade that doesn't come without its talk about of controversy.<br><br>Thanks for the end about placing a rubber sleeve on the pins at the top rotor. I did so a repair with simply a pair of metal pins in the hole I drilled in the clear plastic and after a couple of crashes the pins have vanished, presumably fallen out. I also had a problem with the charger socket being drawn right off the paper circuit board, due to the 'copter slipping off the table during charging, and needing to be re-soldered.<br><br>Smart commercial drones have a computer inside. They may be easy to soar, maneuverable remotely, contain sensor logic. Soon all smart drones will have computer motivated collision avoidance technology making the flying more reliable. Universal remote operation occurs in the context of a workflow and receptors. Cameras are improving dramatically to permit management of training video and picture taking that is reasonable and detailed.<br><br>This past weekend we had Dave and Scott who got a successful best drone; linked site, mission. These two folks hiked for over 12 time on Saturday giving no log unturned. They took many photos on the way for our exclusive searchers to check for possible signs. They also experienced a few rattlesnakes and bullsnakes, but those slithering snakes didn't deter Dave and Scott from concluding their mission to help find Randy. Kudos to them!<br><br>Realtors in LA were using drones to provide sweeping views of properties because of their clients - before LAPD advised them in January that they were violating U.S. law and had to stop. Journalists have attempted drones, too. The iPad-based newspapers The Daily used an AR Drone previous spring to fully capture aerial video footage of tornado devastation , for example. And resident journalists covering Occupy Wall membrane Street have tried (with little success) to provide live aerial training video of protests.

Revision as of 08:01, 2 October 2017

Canada's chief of defence staff declared this week that the Canadian military services needs new drones and he needs those drones to be equipped - an upgrade that doesn't come without its talk about of controversy.

Thanks for the end about placing a rubber sleeve on the pins at the top rotor. I did so a repair with simply a pair of metal pins in the hole I drilled in the clear plastic and after a couple of crashes the pins have vanished, presumably fallen out. I also had a problem with the charger socket being drawn right off the paper circuit board, due to the 'copter slipping off the table during charging, and needing to be re-soldered.

Smart commercial drones have a computer inside. They may be easy to soar, maneuverable remotely, contain sensor logic. Soon all smart drones will have computer motivated collision avoidance technology making the flying more reliable. Universal remote operation occurs in the context of a workflow and receptors. Cameras are improving dramatically to permit management of training video and picture taking that is reasonable and detailed.

This past weekend we had Dave and Scott who got a successful best drone; linked site, mission. These two folks hiked for over 12 time on Saturday giving no log unturned. They took many photos on the way for our exclusive searchers to check for possible signs. They also experienced a few rattlesnakes and bullsnakes, but those slithering snakes didn't deter Dave and Scott from concluding their mission to help find Randy. Kudos to them!

Realtors in LA were using drones to provide sweeping views of properties because of their clients - before LAPD advised them in January that they were violating U.S. law and had to stop. Journalists have attempted drones, too. The iPad-based newspapers The Daily used an AR Drone previous spring to fully capture aerial video footage of tornado devastation , for example. And resident journalists covering Occupy Wall membrane Street have tried (with little success) to provide live aerial training video of protests.

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