IT GRC Forum

FacebookJoin our Linkedin Group!Follow us on Twitter!Subscribe to our Feeds!
Click on the slide!

Enabling Risk Based IT Gov

Live Webcast!             Join us for key concepts and challenges with IT governance.

Click on the slide!

A Breach Prevention Plan

On-Demand               Play now to gain insights and some key steps to prevent payment card…

Click on the slide!

Best Practices for eGRC

On-Demand               Play now and learn how to implement best practices for eGRC.

Click on the slide!

The Elements of Privacy Risk

Click above to download this GRC Illustration!             

Frontpage Slideshow (version 2.0.0) - Copyright © 2006-2008 by JoomlaWorks
E-mail

China m-payments market set to be largest in world by 2015

April 25, 2012 - China's mobile payments market is forecast to be the largest in the world by 2015, comprising $80 billion in payments from 441 million active users, according to figures from research house Kapronasia.

The Chinese mobile payment market was estimated to be worth $7.6 billion at end 2011, rising to $84 billion by the end of 2015 - roughly doubling in size every year.

Research by KPMG in 2010 found China leading the world in the uptake of mobile finance, with 77% of consumers using their phones to conduct financial transactions

China has already surpassed the US as the biggest smart mobile phone market worldwide. But with less than 10% of the country's total 900 million mobile phone subscribers using smartphones, there remains tremendous scale for growth in terms of more advanced phones and services, says Kapronasia.

Growth in m-commerce is expected to accelerate further next year, as the Chinese authorities finalise new standards and regulations covering the mobile payments market.

"2012 will prove to be a crucial year for the mobile payments industry as Chinese authorities establish final technology standards," says Zennon Kapron, managing director of Kapronasia. "Firms must continue to push for innovation in both technology and business models in order to stay competitive in this rapidly growing market."

Trackback(0)
Comments (0)add comment

Write comment

busy
 


air max pas cher nike air max pas cher air max pas cher nike air max pas cher air max pas cher nike air max pas cher air max pas cher nike air max pas cher air max pas cher nike air max pas cher air max pas cher air max pas cher air max 90 pas cher nike air max pas cher air max pas cher nike tn pas cher nike air max pas cher nike tn nike tn pas cher tn pas cher louboutin pas cher chaussure louboutin pas cher louboutin soldes air max pas cher air max pas cher nike air max pas cher doudoune moncler pas cher doudoune moncler barbour paris barbour paris pas cher hogan outlet hogan outlet online scarpe hogan outlet tiffany outlet tiffany outlet italia air jordan air jordan pas cher jordan pas cher air jordan site officiel