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China Mobile's Mobile Payment Users Exceed 80 Mln

Sohu IT, 12/05/12

Fan Jinqiao, GM of China Mobile's (NYSE: CHL; 0941.HK) e-commerce base, revealed at the 2012 China Mobile Global Developers Conference in Guangzhou that as of November 2012, China Mobile had over 80 mln mobile payment users, with total transaction volume for the year expected to exceed RMB 45 bln. China Mobile's mobile payment services are currently available in 120 large and medium-sized cities in over 20 provinces.

Editor's Note: For more background on this topic, please see "China Mobile to Drive NFC SIM Card Adoption" MD 11/27/12 issue.

Keywords: China Mobile users wireless mobile payment CHL 0941.HK transaction volume China Mobile Global Developers Conference

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