Ten trends of Chinese Internet in 2012 (II) (3)

10. Age of mobile payment

In 2012, a number of banks cut charging standards of online banking, playing the price war, while the mobile payment announced its age has come.

China Unicom joined hands with China Merchants Bank to launch the first mobile payment products, while China Mobile will cooperate with China UnionPay to launch NFC mobile payment. Recently, the central bank of China issued 35 technical standards of mobile payment on application base, safety control, equipment, payment application and networking, and mobile payment officially entered the track of standardized development.

Read the Chinese version: ２０１２年中国互联网发展１０大动向; Source: People's Daily

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