Abstract
Payment functions in mobile phones have already become a kind of fundamental
technology. Using payment functions, a mobile phone can become a digital
wallet containing various forms of money, including debit card, credit card,
rechargeable card, coupon, and discount card.
Mobile payment services in China are generally in the initial phase, with
usage limited to mobile phone charges and mobile application purchases. Other
types of mobile payment, such as NFC mobile phone payment and online payments
of the kind used in mobile e-commerce, remain in the trial phase. However,
drivers from both the supply side and the demand side are strong enough to
drive growth. In addition, industry players in China have recognized the
potential growth of the mobile payment market and are beginning to get more
actively involved.
To provide these players with a deeper understanding of the mobile payment
market, In-Stat generated this report, which clarifies the various kinds of
mobile payment services and the ways in which they are used, analyzes business
models and potential market structures, and provides forecasts for the market
sizes of the different types of mobile payment services in China.
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