Press release
Mobile Payment Market in China 2016 to grow at a CAGR of 108.36% during the period to 2020
Mobile Payment market in China to grow at a CAGR of 108.36% and 113.41% in terms of volume and value, respectively, during the period 2013-2018.
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Mobile payment is a popular form of financial transaction that transforms the payment experience by seamlessly merging online and offline shopping. It simplifies the transaction process and enhances payment security.
The report highlights increasing third party payment (TPP) providers that are preferred over traditional financial service providers like China UnionPay and China Mobile. Most of the TPP providers are focusing on remote payment and delivering services through three models: Wallet, Gateway and Quick Payment.
“TPP providers are increasingly becoming the preferred mobile payment options. They are the strongest promoters of mobile payment services in China and rely on a network of partnerships with banks, merchants and mobile operators. They provide a wide variety of payment services that support a huge variety of application scenarios,”
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Covered in this Report
This report covers the present scenario and the growth prospects of the Mobile Payment market in China for the period 2014-2018. In terms of application, the Mobile Payment market in China can be segmented into the following: Mobile at the point of sale (POS), Mobile as the POS, Mobile Payment Platform, Direct Carrier Billing, and Closed Loop Mobile Payments.
Mobile Payment Market in China 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Mobile Payment market in China and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key Regions
China
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Key Vendors
Alipay.com
Beijing LaKala Billing Services
TenPay
YeePay
Other Prominent Vendors
99bill
Baidu
China UnionPay
PayPal
Qiandaibao
Union Mobile Pay
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