Statistics released at the GSMA’S NFC & Mobile Money Summit in New York indicate that China Mobile “has seen a take-up of 2.5 million NFC handsets, 600,000 SIMS and 1.4m NFC-enabled POS terminals,” according to NFC World.
Deputy general manager in China Mobile’s department of data services Liu Xin told attendees that a “lack of mass-market NFC handsets, complex SIM card upgrades and insufficient experience in making and accepting transactions among the public and businesses has left mobile payments languishing on a small scale in China,” reported the media outlet.
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For more on China Mobile’s NFC demands, click here.
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