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

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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…

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Mobile payments firm finally breaks into the Chinese market

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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…

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China remains a leader in mobile payments

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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,…

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Mobile commerce is becoming more competitive in China

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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…

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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…

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