The Digital Source For China's Tech Innovation Since 2000

Search
Close

China's Mobile Payments Will Reach Over CNY700 Billion By 2015

January 8, 2013
Business | Telecom & Wireless

Market research firm Analysys International published its latest statistics: by 2015, China's third-party Internet payment scale will reach CNY13.920 trillion.

The numbers also show the number of registered Internet payment accounts will be 1.378 billion; and the mobile payment scale will be CNY712.3 billion.

The company said the Chinese third-party payment license structure was basically determined in 2012. After gaining the licenses, those third-party payment enterprises increased investments in various sectors to accelerate their distribution in the market.

More and more traditional enterprises are entering the e-commerce market, which promotes the development of the third-party payment market in China. At the same time, the development of emerging markets such as insurance and cross-border payment provides a growth foundation for the third-party payment market.

In addition, mobile payment standards were achieved on the market level. Banks and financial organizations start joining the development and cultivation of the Chinese mobile payment market, and innovative mobile payment methods like mobile phone payment and two-dimensional code payment begin to emerge. Those situations will continue to stimulate the development of mobile payments in China.

Tags: Analysys | bank | credit card | e-commerce | finance | Internet payment | loan | mobile | mobile payment | online payment | statistics | Wireless | wireless payment

Other Related News:

Joseph P. Lucia & Associates LLC Buys Shares of 4,400 KraneShares CSI China Internet ETF (NYSEARCA:KWEB) Slater Sentinel

August 6, 2021

Tesla China announces R&D center, shares teaser for Tesla Bot project

October 26, 2021

Stock market news live updates: Stocks fall, oil slides to start holiday-shortened week

November 21, 2022

Elden Ring: this Chinese imitation of the game is controversial

March 13, 2022

ED attaches bank balances of Rs 105.32 cr of fintech firms with Chinese links

August 4, 2022

China targets online casinos in war on illegal gambling, authorities say

November 30, 2021

Y Intercept Hong Kong Ltd Buys 7,870 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

November 12, 2021

PingPong considers a USD 1 bln Hong Kong IPO

February 2, 2022

China willing to cooperate on digital financial rule making, central bank’s Yi Gang says

October 8, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter