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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 230

China Business Intelligence No. 230

Samsung Economic Research Institute Beijing Office

Nov. 13, 2013

Download China Business Intelligence No. 230 PDF email Print

Rapid distribution of smart connected devices and growth of mobile web make the rise of mobile payment industry obvious. Accordingly, the Chinese government supports growth of the mobile payment industry by setting up relevant policies and industrial standards. Various sectors are entering into the industry. Banking institutions provide more mobile banking services such as payment of credit card bills and utility bills. Online to Offline companies, which pursue offline business based on development in Internet, introduce mobile apps which enable payment via mobile web.

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