Shanghai Securities News, 11/14/11
Xu Yu, head of the Ministry of Industry and Information Technology's (MIIT) China Academy of Telecommunication Research (CATR) TeleInfo Institute, revealed at the recent Payment Innovation (China) Summit 2011 in Shanghai that both the 2.4GHz and 13.56MHz contactless payment standards will continue to co-exist in China. CATR also projected that the number of contactless payment users in China will rise by 139% in 2011, reaching a total of more than 80 mln.
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.