Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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NFC in China, The Next Big Solution to Mobile Payment

NFC in China, The Next Big Solution to Mobile Payment | Payments 2.0 | Scoop.it

China... has seen it’s fair share of disputes and conflicts related to contactless payments.... China Mobile is now focusing on the deployment of NFC technology on SIM cards similar to the plan of China’s second largest mobile operator – China Unicom. ... China Telecom... launched NFC services in China using SIMpass, a device that is a variant of NFC and is a dual interface SIM and antenna solution. ...

 

Comment: Post argues that Chinese will more readily adopt NCF payments than Westerners. Cites interesting references.

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TechCrunch | AmEx Puts $125M In And Partners With Chinese Mobile Payments Company Lianlian To License Serve

TechCrunch | AmEx Puts $125M In And Partners With Chinese Mobile Payments Company Lianlian To License Serve | Payments 2.0 | Scoop.it

"American Express is making a significant move in the expansion of its digital wallet, Serve to international markets today."

 

Comment: The deal could open up for Amex a market different of a new order of magnitude: LilanLian serves around 300 million mobile phones. However, getting money out might prove more difficult than putting money in.

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Standard Chartered China, to roll out Alipay's Express Payment service

Standard Chartered China, to roll out Alipay's Express Payment service | Payments 2.0 | Scoop.it

"Global financial services provider Standard Chartered Bank has joined forces with Chinese third-party online payment platform Alipay to roll out the new Standard Chartered – Alipay Express Payment service."

 

Comment: There are 2.1 billion debit cards in China (Yes, you read it right, 2,100 million). This deal has potential...

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