Tag: china mobile commerce

Gemalto to aid in mobile commerce initiative from China Telecom

| June 13, 2014

Gemalto chosen by China Telecom to assist in launch of new NFC SIM card

Gemalto, a leading digital security company and applications developer, has been chosen by China Telecom to assist in the launch of its new UpTeq Multi-Tenant NFC SIM card. The telecommunications company is looking to establish a stronger presence in the mobile commerce space and may only be able to accomplish this through its adoption of NFC technology. NFC currently makes up the backbone of the mobile commerce world, but many companies have yet to fully embrace the technology.

SIM card to bring NFC capabilities to smartphones in order to promote mobile payments

Gemalto will support the commercialization of China Telecom’s new NFC SIM card. This card will be able to provide smartphones that are not inherently equipped with NFC technology the ability to participate in mobile commerce. Devices using the SIM card will be able to make use of a wide range of applications that make use of NFC as well, including shopping and entertainment applications.

Consumers throughout China are becoming more mobile as smartphones become more available

Mobile Commerce NFCSmartphone penetration in China has surpassed 66%, with more than 3 million mobile point-of-sale systems set up throughout the country. The vast majority of these systems are equipped with NFC technology and can only be used by devices that are NFC-capable. Currently, these devices are still relatively rare in the global market. While some device makers have plans to launch NFC-enabled smartphones in the coming years, others are looking to bring NFC capabilities to current devices without having to force consumers to wait for or purchase new devices in the future.

Companies are looking to take advantage of the growing mobile market in China

China is currently considered one of the most active markets when it comes to mobile commerce. The country’s largest retail organizations have begun to focus on the mobile field quite heavily, hoping to engage an ever growing consumer base that is relying more heavily on mobile technology. Companies that provide convenient services, such as making NFC-enabled SIM cards more available, are likely to win favor with mobile consumers.

China sees a sharp increase in mobile payments

| May 29, 2014

New report highlights the growth of mobile transactions in CHina

A new report from the People’s Bank of China shows that mobile payments are growing at a rapid pace in China. Many people have become quite comfortable with the idea of purchasing products online using their mobile devices. A growing number of retailers are beginning to accept mobile payments in their physical stores as well, making it easier for mobile commerce to flourish. Mobile banking is becoming particularly popular among consumers who tend to manage much of their finances with the aid of a smartphone or tablet.

Some $500 million in mobile transactions occurred in 2013, up 255% over transactions recorded in 2012

According to the report from the People’s Bank of China, nearly $500 million has been sent through mobile devices throughout the country in 2013. This represents a 255% increase over the mobile transactions that were recorded by the bank in 2012. The report only takes into account transactions conducted through the country’s major banking entities, however, and the amount of mobile transactions that occurred last year may actually be higher.

Major planks play a dominant role in mobile commerce throughout China

China Mobile Payments GrowthMajor banks have established a very powerful position in China’s mobile commerce sector. These organizations currently provide the most popular mobile money services and have a massive consumer base to draw from. Smaller banking organizations have a limited presence in mobile commerce because of their fewer resources and their general inability to engage mobile consumers in an effective manner. Retailers tend to side with larger banks because they have a favorable track record and are more aggressive when it comes to matters concerning security.

Large e-commerce organizations are powering the growth of mobile payments within the country

E-commerce throughout the Asian-Pacific region is growing quite quickly, with China leading the way. The country is home to some of the largest companies in the global e-commerce scene, and these companies are becomming increasingly interested in mobile commerce. As these large companies begin to engage mobile consumers, China is expected to continue seeing a dramatic increase in mobile payments activity.