The report on online payment security, released by a research group headed by Ba Shusong, analyst with the Development Research Center of the State Council, described 2012 as the beginning of ‘a new era’ for mobile payments.
Also, the report revealed that last year, 535 million payments were made through mobile phones with the transfer volume at 2.31 trillion yuan (USD 0.38 trillion), a year-on-year increase of 116 % and 132 % respectively.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now