Smart Transit Will be the New Economic Growth Point in Future

With the development of mobile payment, intelligent consumption becomes the most popular consuming way, so that the intelligent consumption related industries turns out to be the promising markets.

At present, mobile payment gradually becomes the main pattern of consumption in our daily life. Wherever you are, you can pay for anything with your smart phone.

According to the data statistics by iRead, Chinese mobile payment turnover has reached 5.5 trillion dollars in 2016, and third party mobile payment turnover has reached 100 trillion RMB in 2017. Chinese mobile payment permeability reached to 77 percents, which is far ahead of US, Europe and Japan.

The mobile payment system has covered economic life in all ways, which becomes an indispensable means of payment in our daily life. In the reports of the 19th National Congress of the Communist Party of China, middle-end and high-end consumption ranked first as the new economic growth point, and people’s growing demand in material and cultural life will revolutionized consumption so that intelligent consumption gradually becomes the main consumption way.

With the development of mobile payment, there are rising compelling application scenarios in many areas such as smart transportation, online car hailing APPs and unmanned economy. For instance, BMKP is the typical case in smart transportation area. BMKP connects the varied industries scenario services with smart transit services and forms a huge traffic entry.

Smart transit, as the outstanding case of intelligent consumption, has been the latest demand of consumers. Synchronized with mobile payment, the technologies of internet, IoT, big data and cloud computing develop rapidly. Meanwhile, the soft infrastructure construction due to sustained investment in recent decades, provides smart consumption wit positive environment. And intelligent infrastructure supports the online car hailing and smart service in the market.

Intelligent consumption in turn promote the development of mobile payment, for example, the decriminalization of online car hailing initiated the over trillion yuan online payment market. With implementation of the new policy in online car hailing market, online car hailing becomes into legalization and standardization. BMKP has received over 70 licenses of online car hailing, racing to control a commanding point of the new round of competition in smart consumption. Online car hailing APPs such as BMKP, which represent the smart transit service, will become the new consumption growth point of economy in the future.