Travel at Your Fingertips:Can Mobile Payment Boost Household Tourism Consumption?
Based on data from the 2017 and 2019 China Household Finance Survey,the impact of mobile payment on household travel consumption was investigated using the fixed-effects mod-el,instrumental variable method,Tobit model and difference model.The results show that mo-bile payments significantly increase the probability of household travel and promote household travel spending,and have a greater impact on high-income,high human capital,urban,and eld-erly households.Mechanism tests found that mobile payments promote household travel con-sumption by improving payment convenience as well as enhancing residents'trust levels.In view of this,smart tourism should be developed in depth to drive the smart and digital upgrade of tourism consumption.