Billionaire Boys Club Member Forum (BBCMF)

[Bansky]

$WMHI. This will be hotter than MYEC.

http://finance.yahoo.com/news/world-mobile-holdings-inc-announces-101500137.html

http://spie.org/profile/Thomas.Lu-65069

Mobile Payment in China

China is arguably one of the 5 most attractive mobile payment industries in the world. China's mobile phone users topped 800 million in the first half of 2010, according to the Ministry of Industry and Information Technology. Of this 800 plus million, more than 220 million have made payments via mobile. According to CNNIC, mobile internet users reached 318 million in June 2011, with mobile payments volume predicted by Analysis International to exceed 5 billion Yuan in 2011.

The huge and growing scale of mobile payments in China cannot be ignored and Chinese companies should be providing this payment method to their customers. CPS recommends and works with the unique and exciting mobile payment system from China UnionPay. China UnionPay’s NFC mobile payment solution (13.56MHz) will most likely be adopted as the standard solution across China. For those who do not know, China UnionPay is the only domestic bank card organization in China. Founded in March 2002, UnionPay is an association for China’s banking card industry, operating under the approval of the People’s Bank of China (PBOC, central bank of China). It is also the only interbank network in mainland China.