Submitted via IRC for SoyCow1984
Adoption of mobile payment shifts consumer spending patterns, habits
Paying for a cup of coffee with a smartphone instead of a credit card is gaining prominence among consumers – and is disrupting their spending patterns and consumption habits, according to new research co-written by a University of Illinois expert who studies operations management.
[...] Using a unique data set from one of the largest banks in China – which contained the transaction data from personal computer, offline and mobile payment channels – Xu and co-authors found that, on average, the total transaction amount increased by 2.4 percent after the adoption of the mobile payment channel, and that the total transaction frequency increased by more than 23 percent.
[...] “Switching to the mobile channel leads to more shopping overall, and it particularly affects more hedonistic shopping such as food, entertainment and travel,” Xu said. “But it doesn’t affect purchases like education or health care. So it’s changing consumer behavior.”
The greatest impact came on less costly items that are purchased frequently, such as beverages and movie tickets.
(Score: 2, Troll) by legont on Sunday December 02 2018, @08:35PM (1 child)
The same pattern of spending makes people fat. (snacks and sodas instead of a dinner). How about 100% border tax on China made electronics to protect American health? Progressive liberals are already for taxes on sodas. Why not go after the root of the problem and help our balance sheet at the same time.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 2, Touché) by c0lo on Sunday December 02 2018, @11:07PM
Care to explain what's the relationship between electronics (Chinese or not) and American health?
What makes Americans so exceptionally susceptible to illness due to electronics?
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford