Comments on: China third party payment market report part 5 – China mobile payment

By: Online Payments In China. Alipay, Tenpay, Banks, Credit Cards, And China Mobile. :: China Law Blog | Manufacturer China

Sun, 07 Feb 2010 16:46:37 +0000

[...] The China Online Marketing Blog recently did an interesting five part series of posts discussing the various methods of making online payments in China. Even three years ago, these payment were barely being used at all and though their usage is nowhere near the levels in places like Korea or the United States, they are increasing at an incredible pace. Part 1 on Alipay is here, part 2 on Tenpay is here, Part 3 on online bank transfers is here, Part 4 on credit card payments is here, and part 5 on China Mobile payments is here. [...]

By: Steven Chow

Steven Chow — Mon, 25 Jan 2010 11:50:40 +0000

Hi Lars Tong Strömberg,

For online third party payment platform, 99bill and soopay are definitely leading the game in mobile payment, if you read another article on china-online-marketing.com http://www.china-online-marketing.com/blog/online-payment/china-online-and-offline-payment-strategy/

Soopay is founded by the biggest mobile company in China, China mobile. 99bill has tremendous experience in mobile payment, they accept mobile precharge card payment.

By: Lars Tong Strömberg

Lars Tong Strömberg — Sat, 23 Jan 2010 17:28:27 +0000

Interesting about the virtual currency reference in the article btw. I am not proficient in reading Chinese, so unfortunately I could not read the article you refer to. Korea seems to have taken a different direction with virtual currency trade:

http://www.virtualgoodsnews.com/2010/01/korea.html

By: Lars Tong Strömberg

Lars Tong Strömberg — Sat, 23 Jan 2010 17:25:24 +0000

A huge opportunity indeed. Which companies are active in this field in China right now that you think are important to watch?