About the definition of mobile payment, related organizations at home and abroad have given their own versions, while currently the definition of mobile payment given by Mobile Payment Forum in 2002 is well-recognized within the industry: mobile payment, also known as payment with mobile phone, refers to that both parties to a goods or
service use mobile devices as the carrier to achieve business transactions via the mobile communication network [1]. Due
to excellent features of mobile payment, such as mobility, timeliness and integrity, it has broad development prospects.
Along with the emergence of outstanding application services, such as AliPay, Wechat Payment and etc, mobile
payment has entered a rapid development period. On May 26, 2014, the General Condition of the Payment System in
the First Quarter of 2014 was announced by the People's Bank of China. Statistics showed that there were a total of
659 million mobile payment businesses with the amount of 3.89 trillion yuan in the first quarter of 2014, respectively with a year-on-year growth of 232.20% and 255.37%. Mobile payment business grew by more than 200% in five
consecutive quarters, which was equivalent to that the whole national consumers spend 44.4 billion yuan through mobile
payment every day