Survey: China to have 230M m-pay users by end-2011 - Mobile World Live

Survey: China to have 230M m-pay users by end-2011

14 OCT 2011

A new report predicts that China will have 230 million mobile payment users by the end of this year, generating transactions with a value of Rmb 11.37 billion (US$1.8 billion). This figure will rise to 320 million users making transactions with a value of Rmb 35.78 billion by end-2012, according to Minsheng Securities and iRsearch, two Chinese firms. The research, which credits the growth in mobile payments to the growing penetration of smartphones, covers services as well as digital and physical goods.

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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