"In 2013, mobile payments were the fastest-growing form of payments in China, thanks to participation from banks and a huge explosion in peer-to-peer mobile payments.
The Chinese mobile payment industry rocketed 317.56 percent year-over-year to 9.64 trillion yuan ($1.59 trillion) in 2013, while the number of orders hiked 212.86 percent year-over-year to 1.67 billion, according to the bank-level data released by Chinese central bank People’s Bank of China."
Source: http://venturebeat.com/2014/02/17/chinas-mobile-payment-turnover-soared-317-yoy-to-1-59-trillion-in-2013-pboc/
Great space to be in...
SMA need to start realising the potential of the space they are in....
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