Wednesday, October 6, 2010

2009 China will reach 911 million yuan telephone payments

Analysys International, "China's mobile payment market trends, forecasts 2007-2009" Research shows that in 2009 China's mobile payment market will reach 911 million yuan, from 2006 to 2009, the average annual compound growth rate of 57.31%. In addition, the user scale will reach 837 million in 2009, from 2006 to 2009, the average annual compound growth rate of 69.13%.

Affect the future mobile payment market the major factors in B2C e-commerce to promote the development of the main factors, CUP and telecommunications operators to promote smart card phone and other products. Because of the B2C e-commerce payment is the main supplementary payment channels (as the Internet, the supplementary payment) one, with the B2C e-commerce in particular the development of online booking services (average annual growth rate expected in 2006 the year after more than 45%), telephone pay scale will be improved accordingly.

Hinder the future of mobile payment market is the main factor is from the user on the phone to pay to support the types of goods or services, limitations, cost and other competitive channels constitute a powerful alternative to their role.

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