Ge Liping is a twenty-five year-old girl from Tongling, a small industrial city in Anhui province. She arrived in Beijing four months ago and has been working as a sales clerk for a t-shirt shop. We recently asked her a series of questions to see if she’d be interested in using mobile top-up services:
According to the People's Bank of China, all domestic credit cards and debit cards must be part of China UnionPay’s network. Since the company was founded in 2002, China UnionPay has taken advantage of its monopoly status to quickly grow its bank card network to the point where up to an estimated 30% of retail spending was made using bank cards in China’s tier one cities (Beijing, Shanghai, Guangzhou).
I recently attended an analyst roundtable event hosted by E-Business Journal and Yeepay, one of the top e-payment companies in China. The common theme that everyone spoke of at the event centered upon building a healthy market environment to develop e-payment in China.
Smartpay, one of China’s mobile payment service providers (MPSPs), has announced that they have launched mobile "Toll Stations" to facilitate mobile top-up services in China’s rural areas. "Topping up" usually refers to purchasing credit for prepaid mobile account, and is regularly done by purchasing a top-up card available at supermarkets, convenience stores, and newsstands. Smartpay is one of the companies offering top-up services remotely through the mobile network.
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