Exciting Times for NFC Mobile Payments in China

China represents over half a billion smart phone owners and users, which indicates strong growth for NFC, according to a new report compiled by Timetric’s Cards and Payments Intelligence Center. Growth in contactless mobile payments (m-payments) is expected to increase in China, as retailers and mobile operators are persistent in promoting contactless technology as part of their efforts to up customer experience sustain their Chinese customers, according to the report. Apple, Samsung, Huawei, and Xiaomi have all launched NFC mobile payment solutions in 2016, in association with China UnionPay.