Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

China Mobile's Registered Mobile Payment Users Exceed 20 Mln

cn-comm, 4/14/11

Hua Gengsheng, a senior project manager at the China Mobile (NYSE: CHL; 0941.HK) Research Institute, recently said that to date the total number of registered users for China Mobile's mobile payment services has exceeded 20 mln and monthly active users has reached 2 mln. Hua said that mobile payment transactions for the whole of last year reached RMB 3 bln, and mobile payment transactions for the month of March this year surpassed RMB 400 mln.

Hua added that 10,000 vendors now accept contactless payments and 1,006 vendors accept online mobile payments.

Keywords: Hua Gengsheng China Mobile wireless mobile payment active users CHL registered users 0941.HK contactless payment China Mobile Research Institute Near Field Communication transaction volume


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports