Apple Pay could make the leap into China’s mobile payments market

Apple maps mobile payments

CEO Tim Cook spent four days in the country and suggested that the service could be rolled out there. It may not be very long before Apple Pay rolls out in the tremendous Chinese market, as the CEO of the company, Tim Cook, suggested this about its mobile payments system when speaking to the state media. Cook explained that the launch of that service within China is at the “top of the list” for his company. Apple Pay was only just launched in the United States, this month, giving consumers…

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Alibaba takes majority of China’s mobile commerce market

china people mobile commerce

Alibaba continues to show how dominating it can be in the mobile market with its Alipay platform China’s Alibaba is quickly conquering the country’s mobile market. A growing number of consumers are beginning to turn to Alibaba when it comes to making large purchases and many are beginning to make these purchases through the company’s Alipay platform. The platform has become much more popular than similar solutions that are being offered by the country’s banks. The mobile services that banks offer to Chinese consumers are unreliable, which has been a…

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The battlefield for mobile commerce is set

qr code transactions mobile payments wallet tablet

Mobile commerce is becoming a matter of large versus small businesses Mobile payments are becoming more popular around the world and this popularity is growing at an alarming rate. Smartphones and tablets are becoming less expensive, but more technologically advanced, and more people are beginning to rely on these devices in their daily lives. Commerce is becoming more digital by the day and businesses that do not have some type of presence on the Internet are becoming more and more likely of being confronted by failure. As this trend continues…

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Mobile wallet marketplace in China adds another key player

Baidu News mobile wallet

Baidu, the Chinese search giant is now adding its own smartphone based payments service to the mix. China’s smartphone based payments market is already growing at an astounding rate, as $1.6 trillion in transactions were completed over that channel in 2013, but now it is about to become a little bit more competitive as Baidu tosses its own mobile wallet service into the mix of options available for consumers. This will place the search company in direct competition with other online giants, such as Tencent and Alibaba. This new mobile…

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Mobile payments grow 707 percent in China

China Mobile commerce ticketing payments

Spending reached $200 billion while this growth occurred throughout 2013. According to recent data released by iResearch, a data analysis and online tracking service, the total independent mobile payments transaction volume in China reached approximately $200 billion, last year (1219.74 billion yuan). This represents an increase of 707 percent over the figures that were seen in 2012. The services that were included in the analysis by iResearch included various forms of mobile payments not including the large established banks and massive conventional services such as China UnionPay and the bank…

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