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
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.