Beijing, October 11th news - At the "2011 NFC Technology and Mobile Payment Forum" held today, Zhu Yinjia, General Manager of Alipay Wireless Division, stated that currently, the number of Alipay transaction accounts has exceeded 600 million. In the fourth quarter of last year, the transaction volume reached 180 billion yuan, and in the future, Alipay will also promote the full NFC mobile phone solution.
In recent years, with the gradual acceleration of China's wireless city construction, operators have been vigorously promoting the popularization of 3G networks, and the coverage of mobile broadband has basically been achieved, leading to a rapid increase in mobile consumption demand.
Zhu Yinjia pointed out that on one hand, due to the development of mobile gaming and entertainment, the development of B2C mobile services, and the electronic consumption habits of real-name services such as air travel and ticketing, consumer needs are no longer limited to simple ringtone and novel downloads. On the other hand, with the development of localized services and e-commerce on the Internet, the connections between information and physical goods, as well as online and offline environments, have become increasingly closer, bringing online consumers to physical stores.
In Zhu Yinjia's view, more interactive possibilities will inevitably bring about significant changes in business models. He introduced that: "In the fourth quarter of last year, Alipay's transaction volume reached 180 billion yuan, handling 650 million transactions, with a total of 500 million transaction accounts. To date, the number of Alipay transaction accounts has exceeded 600 million."
When discussing the NFC plan, Zhu Yinjia said that although Alipay has not yet launched any NFC-related products, the company has been paying close attention to this area. "By the end of this year or early next year, Alipay will launch a full NFC mobile phone solution," he said.
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