China Payments Research

Jul

China’s financial IC card market continues growing sharply

According to the specific targets for China’s EMV migration set by the PBOC, from January 1st 2015, all RMB settlement cards issued in economically advanced regions should be in the form of financial IC cards; most banks have sped up the issuance of financial IC cards since 2012. By the…

Jun

China Payments Research

Mobile Map – A new battlefield for the Chinese Internet giants

Recently, Google managed to beat its rivals including Apple and Facebook to buy Waze, an Israeli mobile-navigation startup. Google will pay for more than $1 billion for this relatively unknown company. Similarly in China. One month ago, Alibaba, a global B2B giant, invested about $3 billion into Amap, China’s leading…

Jun

China Payments Research

China Mobile’s mobile payment transactions by value hits a new record.

According to China Mobile, China’s largest mobile network operator, its monthly mobile payment transaction value, for the first time, exceeded 10 billion RMB, reaching 11 billion in May – even larger than the total transaction value of 2011. Since China Mobile launched its mobile payment business in 2009, the…

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China Payments Research