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Mobile payments standard for China expected in 2013

04/25/201304/23/2013 Stephanie Beck

The guidelines are expected to be released as early as this year, as they have already been created. A recent report from Marbridge Daily has revealed that China will soon be announcing a national mobile payments standard specification which has been long awaited in that country, just as other nations are awaiting their own. This is meant to help to provide the industry with the guidance it needs to move forward with greater confidence. The report stated that the mobile payments standard has already been drafted and that it is…

Mobile payments partnership expands between Western Union and ChinaPay

11/13/201211/12/2012 Jennifer Goula

This agreement between the two giants will allow Universities worldwide to use Direct RMB transactions. The Western Union Business Solutions unit has just announced that it will be broadening its partnership with ChinaPay, the UnionPay subsidiary for online and mobile payments from China’s bankcard association. This will allow participating universities around the globe to accept international tuition. In addition to the tuitions for these institutions of higher education, they will also be able to accept student fees in the Renminbi (RMB) the currency of the People’s Republic of China. As…

Mobile payments to take off in China over the next three years

09/03/201209/02/2012 Jennifer Goula

Chinese consumers are expected to adopt the method quite widely by 2015 As mcommerce takes off in China, it is leading to a number of other associated growths, such as in mobile payments, which are expected to continue their momentum to the point that they will be highly profitable as early as 2015. A recent report has shown that although it is still just emerging in China, it will soon explode. The mobile payments report was created by Deloitte & Touche, and demonstrated that although the Chinese marketplace for paying…