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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 124

China Business Intelligence No. 124

Samsung Economic Research Institute Beijing Office

July 8, 2009

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I. Industry

The limited growth of China's mobile payment service market over the past several years has been primarily due to technical problems. Still, many believe that the Chinese mobile payment service market has huge growth potential. Most consumers have shown a preference for mobile phones with payment functions and according to an AC Nielsen survey, more than 80% of respondents expected mobile phone payment will replace payments via traffic or bank cards.

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