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…
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China to lead the world in mobile commerce, says ABI Research
China is on the verge of a mobile commerce explosion, according to a new study from ABI Research. The technology market intelligence firm released a report yesterday showing that China could surpass $8 billion in mobile payments by 2014. This would put the nation far ahead of others in terms of contactless payments. The rapid growth of NFC-driven commerce may be due to the single-minded pursuit of NFC technology in China. The progress toward electronic transactions has been slow in the West. Several companies, including Google and Nokia, have been…
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