Mobile payment pulls in funds
By Zhu Shenshen |
December 1, 2011, Thursday
|
Print Edition
Print Edition
CHINAPNR Co will invest 100 million yuan (US$15.6 million) to expand its business into the mobile payment sector, which has a great potential in China with more than 900 million mobile phone users.
The Shanghai-based company, which now focuses on online payment, predicted it may handle mobile payment transactions of 100 billion yuan in 2012 through mobile phones, navigation devices and portable POS (point of sales) machines.
"Mobile payment is an opportunity for all electronic payment firms. We have to seize it," said Zhou Ye, chairman and president of ChinaPnR, who used to work in China UnionPay.
The revenue in China's mobile payment market is expected at 23.5 billion yuan in 2013, fourfold from this year's level, according to Beijing-based research firm Analysys International.
ChinaPnR, which has developed a mobile payment system, cooperates with industry partners like airline and e-commerce firms to allow users to pay for services and products directly on their phones.
The company, founded in 2006, is also a mobile payment partner with China's biggest online clothes seller Vancl and China Eastern Airlines.
The Shanghai-based company, which now focuses on online payment, predicted it may handle mobile payment transactions of 100 billion yuan in 2012 through mobile phones, navigation devices and portable POS (point of sales) machines.
"Mobile payment is an opportunity for all electronic payment firms. We have to seize it," said Zhou Ye, chairman and president of ChinaPnR, who used to work in China UnionPay.
The revenue in China's mobile payment market is expected at 23.5 billion yuan in 2013, fourfold from this year's level, according to Beijing-based research firm Analysys International.
ChinaPnR, which has developed a mobile payment system, cooperates with industry partners like airline and e-commerce firms to allow users to pay for services and products directly on their phones.
The company, founded in 2006, is also a mobile payment partner with China's biggest online clothes seller Vancl and China Eastern Airlines.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
