iResearch study shows 2011 will experience 76 percent increase in mobile payments

Mobile Payments

Mobile payments – where purchases can be made through a smartphone or tablet – are becoming much more popular, especially as 3G networks have become popular in the massive Chinese mobile marketplace. Over the last year, the growth of the use of mobile phone payments has been explosive, and an even greater increase is on the cusp of occurring. Several telecommunication operators and banks in China have had representatives discuss the opportunity presented by mobile payments. China Mobile president, Wang Jianzhou, has stated that the current cooperation of the company…

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