(1888PressRelease)
November 06, 2008 - According to Edmund Hung, lead payments analyst at Maverick China, “When we looked at this market two years ago, m-payment companies were making aggressive plays to expand their service portfolio and coverage – a rush that was largely funded by venture capital funds and private investments. Now, low user uptake and lack of movement from banks and mobile operators have pushed the industry towards consolidation and re-inventing company strategies towards a more gradual and planned market expansion.”
“An under-developed consumer payments network, the world’s largest mobile and online market, and continued growth in e-payments and spending in China despite a worldwide recession are the underlying fundamentals that continue to draw investors and international payment companies into the China m-payment market.”
In addition to the market dynamics, Maverick China Research also investigates the fundamentals of the mobile payment companies themselves, looking at their business models, operator and bank partnerships, services and market coverage - to see which companies will survive and eventually succeed in the mobile payments market in China.
Maverick China Research has made the report Table of Contents and List of Figures available for online download at www.maverickchina.com/TMT-Reports/.
About Maverick China Research:
Maverick China Research provides business intelligence and market entry services for clients seeking opportunities in China. Maverick's Beijing-based management team leverages more than 15 years of professional experience in China and offers access to a broad range of local industry contacts and research partnerships.
For further information on Maverick China Research, please contact Edmund Hung at edmund.hung ( @ ) maverickchina dot com or call +86 10-8402-4618.
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