NFC technology marketing and payments in China to favor VeriFone

verifone nfc technology

Two companies in China have selected the platform to allow them to enable their merchant clients. China Mobile and the Bank of China have announced that they will be using the Paymedia Mobile Marketing Platform from VeriFone in order to enable their brands, merchants, and other third parties in order to deploy specific campaigns for NFC technology based mobile wallet services within the city of Shen Yang. This latest mobile commerce news was just recently announced by VeriFone. The Chinese bank and carrier have introduced services that include payments using…

Read More

China to lead the world in mobile commerce, says ABI Research

China Mobile payments technology commerce

China is on the verge of a mobile commerce explosion, according to a new study from ABI Research. The technology market intelligence firm released a report yesterday showing that China could surpass $8 billion in mobile payments by 2014. This would put the nation far ahead of others in terms of contactless payments. The rapid growth of NFC-driven commerce may be due to the single-minded pursuit of NFC technology in China. The progress toward electronic transactions has been slow in the West. Several companies, including Google and Nokia, have been…

Read More