WeChat is setting its sights on mobile payments in China

mobile payments app shopping

Popular messaging app is growing very quickly WeChat, one of China’s most popular messaging applications, is becoming a major player in the mobile payments space. The app accounts for 697 million active monthly users, 200 million of whom began to use the service last year. This gives WeChat access to an abundance of people that may be interested in mobile commerce. The concept of being able to shop, purchase products, and send money to friends and family from a mobile device has become very popular in China and WeChat intends…

Read More

Swatch to bring smartwatch to China to support mobile payments

smartwatches wearable technology mobile payments security

Swatch set to break into China’s mobile commerce market with wearable technology Swiss watchmaker Swatch has plans to bring its smartwatch to China, where it will support mobile payments. The watch, called Swatch Bellamy, is designed with mobile commerce in mind and will allow consumers to make purchases at various stores in the country. Swatch is currently working with banking groups in China to expand the acceptance of the platform, allowing more consumers to make use of it while shopping at physical locations. Swatch Bellamy will be supported by Chinese…

Read More

Alibaba continues to dominate mobile commerce

alipay home page snapshot mobile commerce payments

Mobile commerce has become a primary interest for Alibaba Alibaba is on a course for mobile commerce dominance. The Chinese company has become one of the most prominent Internet organizations in the world, having found major success in the e-commerce field. Taking note of the growing importance of mobile technology, Alibaba has begun to invest heavily in the mobile space, looking for ways to become a more powerful force in commerce by doing so. Alibaba has already made major strides in the mobile world, establishing itself as an insurmountable force…

Read More

Tencent remains vague on mobile payments plans

china QR code payment fraud globe

Company has yet to offer clear plans concerning mobile transactions Tencent has become one of China’s most prominent companies, operating a very popular mobile messaging application that has managed to capture the interest of millions. The company has also begun to expand into the mobile payments space, hoping to add further value to its messaging application and engage mobile consumers more effectively. While the company has expressed interest in mobile payments, Tencent has been very vague concerning its plans to expand into this sector. WeChat platform now has 549 million…

Read More

Alibaba wants to bring mobile commerce to rural China

China Mobile commerce ticketing payments

Alibaba and China Telecom will release mobile devices designed for online shopping Alibaba, China’s largest e-commerce organization, has partnered with China Telecom in order to expand mobile commerce in rural parts of China. Those living in rural communities do not tend to have access to the mobile devices that are needed to participate in mobile shopping, but this could change due to the new partnership that Alibaba has formed. The company plans to sell inexpensive smartphones in rural areas, hoping to get more people involved in mobile commerce. Devices will…

Read More

Apple may face challenges in bringing its mobile payments service to China

apple pay store augmented reality

Apple Pay could have trouble entering the Chinese market Apple may be facing a conflict with China’s banks and e-commerce companies as it seeks to bring its mobile payments service to the country. Following its initial success, Apple Pay is beginning to expand, but it could face severe competition from both Tencent and Alibaba, which currently dominate the Chinese mobile payments space. China is one of the largest and most active markets in the world, boasting of more than $960 in payments in 2014. Apple Pay trial finds modest success…

Read More

Mobile payments firm finally breaks into the Chinese market

China Mobile payments technology commerce

Mozido’s acquisition of PayEase will allow the firm to participate in the Chinese market Mobile payments firm Mozido has found a way to break into the Chinese market through its recent acquisition of PayEase. China has become one of the most attractive mobile commerce markets in the world, with many payments firms looking for entry into the market to take advantage of its commerce revolution. PayEase is one of 22 companies that are licensed to process mobile payments in China, and the company offers services throughout the nation, making it…

Read More

China remains a leader in mobile payments

asia china mobile payments news

Many things set China’s mobile commerce sector apart from those in other countries China has become one of the world’s leading mobile commerce markets, surpassing the United States in terms of mobile transactions. This may be due to the difference that exist between the two countries, especially when it comes to population. Chinese consumers have also shown that they are more willing to participate in mobile commerce, having a higher degree of comfort with mobile technology. Chinese companies have been quite aggressive with their promotion of mobile payments as well,…

Read More

Mobile commerce is becoming more competitive in China

China Map mobile commerce

The digital commerce space is growing quickly throughout China E-commerce is gaining momentum in China, especially as more people acquire smartphones and tablets. A growing number of Chinese consumers are beginning to rely on their mobile devices to accomplish all of their shopping. This is particularly the case among those with busy schedules and those with new families. The growing popularity of mobile commerce has also introduced new trends to the Chinese commerce space, one of which involves Chinese consumers purchasing everyday products from foreign countries. 450 million mobile consumers…

Read More

Tencent is growing bolder in the mobile commerce space

China Mobile payments technology commerce

Mobile commerce competition is intensifying in China As China’s mobile commerce market continues to boom, Tencent is beginning to feel extreme pressure due to competition from Alibaba. Competition in the mobile space is growing fierce, but Alibaba currently controls 84% of the market. Tencent does hold a strong place in China and beyond, however, because of its popular WeChat messaging application and mobile gaming platform. Tencent has been working to turn its messaging app into a mobile commerce service with the help of JD.com. Tencent hopes to expose millions of…

Read More

Alibaba finds success with mobile commerce solution Alipay

China Mobile payments technology commerce

More consumers are embracing mobile commerce in China, turning to Alipay to get their shopping done online Mobile shopping is exploding in China. The country has become one of the leading mobile commerce markets in the world, largely thanks to the companies that are making it easier for consumers to participate in this sector. Alibaba is one of China’s leading e-commerce organizations and the company has been expressing a strong interest in the mobile field for years. The company’s Alipay platform, which makes mobile transactions possible, has reached a new…

Read More