Mobile Payment Market in China 2014-2018: Key Vendors are Alipay.com, Beijing LaKala Billing Services, TenPay and YeePay

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Sep 22, 2014, 02:59 ET

DUBLIN, September 22, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/lk9t4k/mobile_payment) has announced the addition of the "Mobile Payment Market in China 2014-2018" report to their offering.

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Mobile payment is a form of payment where end-users initiate a transaction using their mobile device for goods and services through communication networks or technologies. Mobile payment allows consumers to use a mobile device to pay instead of using cash, check, and credit/debit cards. It is also referred to as mobile money, mobile money transfer, and mobile wallet.

The analysts forecast the Mobile Payment market in China to grow at a CAGR of 108.36 percent and 113.41 percent in terms of volume and value, respectively, during the period 2013-2018.

This report covers the present scenario and the growth prospects of the Mobile Payment market in China for the period 2014-2018. In terms of application, the Mobile Payment market in China can be segmented into the following: Mobile at the point of sale (POS), Mobile as the POS, Mobile Payment Platform, Direct Carrier Billing, and Closed Loop Mobile Payments.

The report, the Mobile Payment Market in China 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Mobile Payment market in China and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

One of the prominent emerging trends in this market is a rise in the formation of partnerships between industry players, which is leading to the enhancement of mobile payments and better consumer experiences.

According to the report, due to increased online shopping, consumers visit websites on their mobile devices, which largely facilitate the growth of mobile payments.

Further, the report states that the Mobile Payment Market in China is largely inhibited by security concerns related to the use of mobile payments as it deals with sensitive financial data and transactions. The lack of standardization further hinders the market growth.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Global Mobile Payment Market: An Overview

07. Market Landscape

08. Buying Criteria

09. Market Growth Drivers

10. Drivers and their Impact

11. Market Challenges

12. Impact of Drivers and Challenges

13. Market Trends

14. Trends and their Impact

15. Vendor Landscape

16. Key Vendor Analysis

17. Other Prominent Vendors