Welcome to The Age of Mobile Payment in China

TMO Group

China’s mobile payments industry has entered a new and exciting phase, by reaching approximately 16.3 trillion yuan ($2.5 trillion) in 2015. Convenience, speed of transaction and discounts are the main factors encouraging the use of mobile payments over traditional payment options. Whether it’s buying plane tickets or ordering food deliveries or even paying utility bills, …

Three of Every Five Chinese Customers Use Online Payment Offline

TMO Group

While PayPal and other payment methods are still struggling to gain acceptance as ways to pay in U.S. stores, Chinese consumers have quickly adopted online payment solutions as major method to pay in offline stores and restaurants.   Three in every five Chinese consumers are using mobile wallets China is the world’s largest single mobile market, …