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Money on the move
HOME > PAST ISSUE > REPORTS [Premium content]May 2007
Mobile payment has huge potential in China but it’s still a long way from being realized
Picture this scene: a small town in hilly Anhui province hasn't received its regular consignment of mobile phone top-up cards used by pre-paid customers to recharge their accounts. Without the cards, usually sold at convenience stores and newsstands, many people are denied their primary means of communication.
The solution is a man standing by the side of the road. He is a subscriber with a mobile payment company, which acts as a virtual middle man between the mobile service provider and ...
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