GoingToMeet

2010 is regarded as the beginning year of China’s mobile payment. Stakeholders become extraordinary active in the past 6 months in this industry, as dozens of collaborations and trials were announced. Variety of innovative technologies is adopted in these trials.

According to the recent research, the users of mobile payment have reached 72.8 million at the end of 2009, and the number will be 220 million by 2011 which means triple in two years. It is predicted the market size will grow rapidly in the next few years, from 3 billion yuan in 2010 to 23.5 billion yuan in 2012. What is particularly worth mentioning is that the 3G subscribers will exceed 150 million by 2011 according to Chinese government’s plan. The environment for the boost of mobile payment is ripening.