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TMCNet:  More Chinese pay through mobile phones [China Daily: Hong Kong Edition]

[August 02, 2014]

More Chinese pay through mobile phones [China Daily: Hong Kong Edition]

(China Daily: Hong Kong Edition Via Acquire Media NewsEdge) Harvest brings little joy to melon farmers BEIJING -- Payments through mobile phones in China rose 707 percent year on year in 2013, a research report said on Saturday.

Mobile payment users hit 125 million in 2013, up 126 percent year on year, said the 2014 China Internet Financial Development Report.

It was jointly published by the Internet Society of China (ISC) and Finance World, a magazine of Xinhua News Agency.

But Shi Xiansheng, deputy secretary-general of the ISC, said mobile payments were vulnerable to bugs in smartphones.

He urged improved technology to safeguard mobile payments and safety standards to better protect consumers' rights.

(c) 2014 China Daily Information Company. All Rights Reserved. Provided by SyndiGate Media Inc. (

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