Analysis of News relating to the Digital Money Ecosystem

Payment apps fueling surge in mobile internet - China Post

23/01/2017 Link to source

Payment apps fueling surge in mobile internet "I'm used to paying the fees on Alipay and WeChat," Wang said, referring to two major mobile payment providers. "All I need to do is to transfer some money to my e-wallets on these apps and just click on my cellphone." However, some observers have ... China has 731 million internet users and counting Shanghaiist all 11 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.
	WeChat WeChat s a mobile text and voice messaging communication service developed by Tencent in China.
	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).
	Alipay (Since Oct 2014 part of Ant Financial Services Group) Alipay is a third-party online payment platform. Alipay has the biggest market share in China. The company claims it had more than 550 million registered users as of the end of 2010. In 2011, it was the largest online payment system in the world by v
	Alipay - China Alipay is a Player operating in China
	WeChat WeChat s a mobile text and voice messaging communication service developed by Tencent in China.
	Alipay Wallet (Part of Ant Financial Services) Chinese online payments service that accepts most payment instruments but not e-wallets.
	Transfer (formerly Banamex Transfer) Leading mobile operator America Movil and US bank Citigroup have announced a joint venture to offer mobile banking throughout Latin America, in what would be a major boost to the take-up of such services in the region. The joint venture called Transf
	Weixin Payment Weixin Payment launched in March 2014, is the payment service offered by Tencent through its popular mobile messaging application WeChat, known as Weixin in mainland China.
	Yu'E Bao mutual fund#/sage/RelWalletGeo_Wallet_Yuebao_Country_China# Chinese online payment services provider. Accepts most payment instruments but not e-wallets;
	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).
	Post This describes issues that relate to the role played by postal institutions in the provision of digital money services.
	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.
	Alipay Wallet (Part of Alibaba Ant Financial Services) Chinese online payment services provider. Accepts most payment instruments but not e-wallets;

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