4th payment Innovation (China) Convention 2014

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Jul 5 2014 to Jul 6 2014

Although the Chinese economy is slowing, the consumer market is still robust, as China is shifting toward a new consumption-based growth model. Indeed, along with the rapidly developing e-commerce and mobile commerce industries, the payment industry is also growing fast. According to authoritative statistics, the online payment volume in China exceeded 5 trillion Yuan in 2013 while mobile payment volume reached 1 trillion Yuan. In the traditional niche areas (E-commerce, aviation, games and etc.), the application market has been saturated and the industry entered a stable growth stage. Apart from this, payment innovation in finance (funds, securities, insurance, etc.) sector is now remarkably enhancing the transaction size. As such, new opportunities have followed for both Chinese and foreign companies.

 With significant penetration in the new consumption channels of online commerce and mobile commerce, the payment market is expected to continue to grow expeditiously in the future, yet it also faces considerable challenges, particularly in the areas of security and privacy. Aiming to address these problems and regulate the payment market, the government will introduce new standards and policies. For example, national standards for the mobile payments market will be enacted on May 1st, 2014.

With the success of the 1st, 2nd and 3rd Annual Payment Innovation (China) Conventions in 2011, 2012 and 2013, we are pleased to announce the 4th Annual Payment Innovation (China) Convention 2014 (PICC 2014) will be scheduled for June 5th -6th in Beijing, China.

We invite you to join us at this event recognized for its stellar networking opportunities, high level speakers and an expanded program offering topics covering the entire payment value chain.

More information at: www.cdmc.org.cn/2014/picc/

 

Organizing Committee of Payment Innovation (China) Convention

Contact: Gill Gu

Email: gillg@cdmc.org.cn 

 

Tel: 021-63931899-2019