Wandering the streets of Shanghai to admire the architecture, the head of one of the largest U.S. consumer banks recently found himself surrounded by a gaggle of teenagers. Entranced by their phones, they hardly made way for the banker. The teens were messaging, shopping and sending money back and forth, all without cash. Instead, they were using Alipay and WeChat. The future of consumer payments may not be designed in New York or London but in China. （Why China's Payment Apps Give U.S. Bankers Nightmares, by Bloomberg News）
Comment
Convenient operation is people's first impression of mobile payment, followed by strong social interaction and gradual improvement of security coefficient. Thanks to innovative models and products, mobile payment can quickly open up market in China and go global.
（Editor Li Xingyi）
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