China’s Online&Mobile Payment Market

China’s Online&Mobile Payment Market

Along with the fast progress of Internet and mobile network in recent years，various kinds of e-commerce emerged，bringing more convenience and alternatives to people’s life.Online payment and mobile payment，as incentive means to further development of e-commerce，will become the main payment means of e-commerce by and by.

Currently，there are five accesses to mobile payment:STK，IVR（Interactive Voice Response），USSD，WAP and WWW.IVR，STK and WWW are more frequently adopted.Mobile payment business mode has four categories:mobile paying service，mobile wallet service，mobile banking service and mobile credit platform.The former three have been practically applied.

According to the roles acted，mobile payment industrial chain can be divided into three categories:mobile operators-based industrial chain，bank-based industrial chain and the one led by mobile payment operators.The cooperation of mobile operators and banks，with mobile paymentplatform operated by professional companies，can avoid inherent obstacles in information security，product development and resource sharing，etc.when third-party payment platform providers join in.Also it can realize the sharing and management of financial information service and banks’intermediate businesses；and satisfy the great demand of users for mobile payment service and information security.Thereby，it is the most suitable business mode for mobile payment development in China.

hancheng

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