Mobile wallets have taken off faster in China than in the U.S., concluded a recent Forrester Research study. It found that 76% of metro Chinese consumers use mobile wallets or are interested in doing so, compared with only 36% of the urban online U.S. population.
The past influences the future, and as a fast-developing country, China has not had the payments infrastructure and regulatory legacy that developed in the U.S., said Brendan Miller, a principal analyst at Forrester.
