Analysis of News relating to the Digital Money Ecosystem

China mobile payment usage up 31% in 2016 - Mobile World Live

23/01/2017 Link to source

China mobile payment usage up 31% in 2016 Almost 68 per cent of China's mobile phone users used their handsets to make payments in 2016, official sources in the country reported. A self-titled annual report by the China Internet Network Information Center – an agency of the Ministry of ... Shoppers reaching for phones instead of wallets | Shanghai Daily Shanghai Daily (subscription) all 5 news articles »

Context

	China The People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy.
	China Mobile China Mobile Limited provides mobile voice and multimedia services through its nationwide mobile telecommunications network, the largest of its kind in the world. Also the most valuable mobile telecommunications company in the world and a state-owned
	Digital Content Digital Content (DC) is the category under which we classify consumer payements related to purchase of digital content and services. This includes purchase of games, music downloads and other typically small value payments from consumers to companies.
	Mobile Payment Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS).
	World Worldwide the payments market remains fragmented with many different payment services and technologies, drivers, business models and value chains.
	Handsets It is critically important that services launched are accessible to the target market for whom they are meant.
	Mobile This relates to special considerations for use of Mobile as a channel of access for digital money services.
	Mobile Payment Mobile payment refers to the use of a mobile device as a channel to initiate payments. This includes both local and remote payments, as well as the use of the mobile device to accept payment (mPOS).
	Payments The Payments Topic includes knowledge related to a variety of services such as mobile payments, online payments, bill payments and more.
	Web This relates to special considerations for use of the internet or web as a channel for extending digital money services.
	Digital Money in China 2015 An immense change has taken place in mainland China over the last 5 years over which we have carried out in-depth studies of this market. This positioned China as the largest online retail market in the world, and a leader in the use of Digital Money.

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