In-Stat projects that the number of remote payment users in China will expand from trial stages to represent nearly 60 million users by the end of 2013, with transaction value approaching $4 billion.
Recent research by In-Stat found that SIM cards with RF SIM solutions customized by China Mobile are expected to launch in mid-2010, and the company is currently working to develop retail partners and deploy point-of-sale devices.
Over half of respondents to In-Stat’s survey express interest in using their mobile phones as a payment tool.
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