DUBLIN-- (BUSINESS WIRE) -- Research and Markets (http://www.researchandmarkets.com/research/3f1c6d/remote_payment_wil) has announced the addition of the "Remote Payment Will Lead China's Mobile Payment Market, Local Payment Will Follow" report to their offering.

Payment functions in mobile phones have already become a kind of fundamental technology. Using payment functions, a mobile phone can become a digital wallet containing various forms of money, including debit card, credit card, rechargeable card, coupon, and discount card.

Mobile payment services in China are generally in the initial phase, with usage limited to mobile phone charges and mobile application purchases. Other types of mobile payment, such as NFC mobile phone payment and online payments of the kind used in mobile e-commerce, remain in the trial phase. However, drivers from both the supply side and the demand side are strong enough to drive growth. In addition, industry players in China have recognized the potential growth of the mobile payment market and are beginning to get more actively involved.

To provide these players with a deeper understanding of the mobile payment market, In-Stat generated this report, which clarifies the various kinds of mobile payment services and the ways in which they are used, analyzes business models and potential market structures, and provides forecasts for the market sizes of the different types of mobile payment services in China.

Executive Summary:

Multiple Companies and Technologies Vie to Enable Mobile Payment Services in China

China's mobile payment services market is the focus of multiple competing companies and alternative technologies. Mobile payment services in China are characterized by two main types: local payment services and remote payment services. Local payment and bank account-based remote payment services are still in their early stages, while non-bank account-based remote payment services are the mainstream of China's mobile payment services market.

In China, there is no dominant solution in the local payment area. Both subscriber identity module (SIM) card-based payment solutions and non-SIM card-based near field communications (NFC) payment solutions remain in the trial stages. Interest groups pushing different alternatives range from the banking and transportation sectors, to mobile phone makers, to mobile telecom operators.

It is little wonder that the author projects the number of users of remote payment will double by the end of 2013, with transaction value approaching US$14 billion. The number of local payment users will expand from trial stages to represent nearly 60 million users and approach US$4 billion.

Recent research found the following:

• SIM cards with RF SIM solutions customized by China Mobile are expected to launch in mid-2010, and the company is currently working to develop retail partners and deploy POS devices.
• Over half of respondents to In-Stat's survey express interest in using their mobile phones as a payment tool.
• The largest proportion of current mobile payment services users (36.7%) responded that they prefer to use payment platforms funded by banks, indicating that the banking sector is the most trusted by Chinese consumers. Recent In-Stat research, Remote Payment Will Lead China's Mobile Payment Market, Local Payment Will Follow covers the market for mobile payment in China.

It includes:

• Forecast of china's mobile payment users.
• Forecast of china's mobile payment market transaction value.
• Segmentation of local payment and remote payment.
• Payment Platform Provider Revenue.
• Analysis of business models, potential market structures, and strategies among telecom operators and mobile payment platform providers.

Companies Mentioned:

• UMPay
• Alipay
• Lianlian
• Smartpay

For more information visit http://www.researchandmarkets.com/research/3f1c6d/remote_payment_wil