Research On Influential Effect Of Mobile Payment On Residents' Consumption In China

Since entering the 21st century,the popularization rate of smart phones in our country has been rapidly increased,and the impact on the society and economy has become increasingly prominent.Mobile payment has made new changes on residents' consumption in China.With the continuous penetration of mobile payment to traditional consumption market,the impact of mobile payment on Chinese residents' consumption has deepened.In the context of mobile payment,it is of great value and significance to deeply analyze the impact of mobile payment on the consumption of Chinese residents.Therefore,this paper explores the effect of mobile payment on residents' consumption,with a view to provide relevant reference and possible ways to expand residents' consumption and stimulate domestic demand in the context of mobile payment.This paper reviewed the domestic and foreign related literature of the residents' consumption and the mobile payment,and sorts out and summarizes the theory of mobile payment and consumer function theory.Based on the existing research,analyzed the influence of the mobile payment to our country residents' consumption situation.Under the background of the impact of mobile payment,the per capita consumption of residents in China and the mobile with the increasing payment users and the non-cash consumption becoming a daily consumption habit of residents.Mobile payment has good prospects for development and will become the new engine of residents' consumption growth.Secondly,from the impact behavior,mechanism and effect three aspects discusses the mobile payment influence on residents' consumption in our country,found that the low cost of mobile payment transactions,real-time transmission characteristics affected the residents' consumption behavior,stimulate the consumer desire,make the residents' consumption tend to be more autonomy;Mobile payment can promote the consumption of residents;The development of mobile payment has promoted the direct increase of real income of residents.As our country has stepped up the regulation of mobile payment,the mobile payment market has been developing in a normalized direction.Traditional financial institutions will cut into the mobile payment market,where the small consumption scenario will be deeply rooted.Meanwhile,the payment security will become a key factor influencing consumers.On the basis of theoretical analysis and current situation analysis,the scale of mobile payment transaction is taken as the comprehensive index of the development level of mobile payment and incorporated into the residents' constumption function.By setting up the vector autoregressive model,using Cointegration relationship test,Granger causality test and other methods to deal with data.Empirical analysis results show that mobile payment has positive effects on residents' consumption in our country,the scale enlargement of mobile payment transactions,the contribution rate of per capita consumption of our country increases,around 11%,the development and popularization of mobile payment can promote the improvement of residents,consumption in our country.Finally,according to the research conclusion,from wto improve the consumption of mobile payment system","to enhance the security of mobile payment" and "the government should strengthen the supervision and support" three aspects,to expand of mobile payment better forward policy advice for residents' consumption in our country.