Mobile Banking and Payment in China

Author

Wai-Ming To ; Lai, Linda S. L.

Author_Institution

Macao Polytech. Inst., China

Volume

16

Issue

3

fYear

2014

fDate

May-June 2014

Firstpage

22

Lastpage

27

Abstract

The number of Internet users in China was more than 590 million at the end of June 2013. Among these users, 460 million accessed the Web through mobile devices such as cellphones and tablets. Many Chinese are now using cellphones to perform a wide range of transactions, such as transferring money, paying bills, booking hotels, buying tickets, and shopping in online stores such as Taobao, Paipai, Dangdang, and Yoybuy. An investigation of the development of mobile banking and mobile payments in China, as well as opportunities and barriers, is therefore important. This article is part of a special issue on mobile commerce.

Keywords

bank data processing; mobile commerce; China; Dangdang; Internet users; Paipai; Taobao; Web; Yoybuy; cell phones; mobile banking; mobile commerce; mobile devices; mobile payment; online stores; tablet computers; Banking; China; Internet; Mobile communication; Mobile computing; Mobile handsets; Online banking; Security; Internet in China; Internet/Web technologies; e-commerce; information technology; mobile; mobile commerce; online banking; security;

fLanguage

English

Journal_Title

IT Professional

Publisher

ieee

ISSN

1520-9202

Type

jour

DOI

10.1109/MITP.2014.35

Filename

6837387