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Development Trend and Investment Prospect of China Mobile Payment Market, 2014-2018

  • April 2014
  • 110 pages
  • Huidian Research
Report ID: 2118961

Summary

Table of Contents

Please note: The report is Chinese version. It will provide the English version in two business days.

Development Trend and Investment Prospect of China Mobile Payment Market, 2014-2018 primarily analyzes market status and business performance of major domestic enterprises in China mobile payment industry, meanwhile it offers suggestions on this industry, so as to provide decision-making references for investors.

With the increasing of mobile phone users and mobile phone network users, the growth of mobile shopping has attained to 400% on year-on-year basis in recent years. An increasing number of users want to place orders and accomplish payment through mobile phones, and such awareness is rising. At present, participants of mobile phone payment include banks, mobile operators, China Unionpay and third party payment companies, which are actively developing mobile payment transaction.

Commercial banks launched mobile banking service, and 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 payment transaction.

Third party payment companies also are setting foot in 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 based on audio port cell phones, and users can pay the fees, complete credit card payment and bank card balance enquiry by themselves.

In 2013, the mobile payment business totaled 1.674 billion transactions, up 212.86% year-on-year; the mobile payment amount generated CNY 9.64 trillion, a year-on-year increase of 317.56%.

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ref:plp2014

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