Development Trend and Investment Prospects of China Mobile Payment Market, 2014-2018 primarily analyzes market status and business performance of major domestic enterprises in the Chinese mobile payment industry, and offers advice for investors.
With the increasing of mobile phone users and mobile phone network users, the growth of mobile shopping has reached 400%. An increasing number of users want to place orders and make payment through mobile phones, and such awareness is rising. At present, participants of mobile phone payments include banks, mobile operators, China Unionpay and third party payment companies, which are actively developing mobile payment transaction.
Commercial banks launched mobile banking service coupled with some mobile payment functions, such as online shopping and telephone fee charging. China Mobile, China Unicom and China Telecom, the three large mobile operators also are actively engaged in near-field (NFC) payment transaction.
Third party payment companies also are setting foot in the mobile payment market, such as Alipay, Tenpay and 99Bill, which have developed payment software for smart phone clients, accelerating the rapid growth of e-commerce; Lakala and Qiandai have developed bankcard acceptance products that are based on audio port cell phones, and users can pay the fees, complete credit card payments and bank card balance inquiries by themselves.
In 2013, the mobile payment business totaled 1.674 billion transactions, up 212.86% year-over-year; the mobile payment amount generated CNY 9.64 trillion, a year-over-year increase of 317.56%.
Full report available from: RnR Market Research.