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Dublin, Ireland - (Cheap Web Hosting Directory) - September 5, 2006 - According to Research and Markets, online and mobile payment systems is becoming the main payment means of e-commerce. The new report, ”China Online and Mobile Payment Market Report, 2006,” features information concerning online/mobile payment varieties and flows, as well as the current development and the future trends, of the mobile/online payment market in China and abroad.

Included in the report, is positive and negative factors of mobile/online payment development in China, industrial chains of online/mobile payment in China, business promotion, flows and charges of major domestic online/mobile payment providers, and major payment system providers. 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 peoples 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.

According to business mode, online payment can be divided into pre-payment, agency payment, online banking payment and online platform payment. Online platform payment undertaken by online payment platform operator, a third-party economic entity independent from bank and SP, acts as the role connect users, banks and SPs.

The domestic online payment is mainly based on the debit card system. Thus, risks in online payment can be controlled effectively. But meanwhile, the profit of domestic payment service is also quite low. Nowadays, the industrialization of mobile payment application emerges as handsets gradually replace cash and credit card in the payment of some shops and automatic seller machines. At present, bank card circulation and handset users have increased to over 0.96 billion and 0.42 billion respectively in China, offering boundless commercial opportunities for the development of mobile payment industry in China. With the prevalence of mobile content and application charges based on SMS, mobile payment has gradually been accepted. However, in-depth applications of mobile payment still need to be cultivated.

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 payment platform 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.

To learn more, please visit: http://www.researchandmarkets.com/reports/c41339.

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