The People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country. Since the introduction of economic reforms in 1978, China has become the world's fastest-growing major economy. Link to external site : Website for China |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
3,205,506.53 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
957.018 Upgrade to Bronze |
| Currency | CNY |
| Class | |
| CountryISO | CN |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["CN",1347.4,1]],"options":{"title":"Countries","region":"CN","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["China Mobile",640013819],["China Unicom",190736694],["China Telecom",126267658]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",85199883],["Q4 2001",145145000],["Q4 2002",202134000],["Q4 2003",246946000],["Q4 2004",316373000],["Q4 2005",374445000],["Q4 2006",443598000],["Q4 2007",529620000],["Q4 2008",618525000],["Q4 2009",725960000],["Q4 2010",840210119],["Q4 2011",948271870],["Q4 2012",1041320510],["Q4 2013",1116914797],["Q4 2014",1171664841]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",3],["Location",4],["Mobile",32],["POS",3],["Voice",1],["Web",12]],"options":{"title":"Initiatives ( 39 of 39 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",8],["Bank",24],["MNO",6],["Network",1],["PSP",7],["Scheme",1],["TechWeb",3],["Vendor",1]],"options":{"title":"Initiatives ( 39 of 39 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",1],["DB",4],["DN",1],["DP",2],["DT",1],["DW",3],["LP",1],["MB",7],["MP",7],["MPOS",1],["MW",4],["NFC",1],["OB",1],["OP",2],["PSP",1],["Tech",1],["VC",1]],"options":{"title":"Initiatives ( 39 of 39 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",2],["BB",2],["BP",5],["Benefits",1],["CICO",1],["Card",5],["DMT",2],["DW",4],["HVP",1],["Identity",1],["LP",1],["LVP",1],["MB",12],["MFI",1],["MP",20],["MPOS",1],["MW",4],["NFC",4],["OB",6],["OP",10],["PC",1],["Sell",1],["VC",1],["Whitelabel",3]],"options":{"title":"Initiatives ( 39 of 39 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",1],["Account",18],["Card",22],["Cash",4],["NFC",4],["PC",1],["Wallet",14]],"options":{"title":"Initiatives ( 39 of 39 )"}} |
| Central Bank | |
| Key Regulations | |
| Type of law |
Civil Upgrade to Bronze |
| Legal System |
Civil law influenced by Soviet and continental European civil law systems; legislature retains power to interpret statutes; constitution ambiguous on judicial review of legislation Upgrade to Bronze |
| Law is based on |
Civil law system; based on native customs and practices with Soviet and German influence Upgrade to Bronze |
| Approach |
Ex Ante Upgrade to Bronze |
| Sectors active in Digital Money | |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
Bank Led Upgrade to Bronze |
| DominantModel |
Bank Led Upgrade to Bronze |
| E-Money |
Controlled by CBRC. E-banking regs stipulate all forms of e-banking including m-banking only be offered by financial institutions approved of by CBRC. Chinese Govt reluctant to give mobile operators authority to offer banking services Upgrade to Bronze |
| Payment |
CNITSEC provides third party payment provider license and has issued to 4 major companies: Tenpay (March 2007), YeePay(April 2007), Smartpay (July 2007), 99Bill (Nov 2007) Upgrade to Bronze |
| Agent | |
| Money Transfer | |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",55.81],["Banked",42],["Internet",16],["Urban",42],["Adult",79],["Literate",93.306]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 1,347.40 |
| Adult % | 79.00 |
| Migrants % |
0.05 Register/Log In |
| Stock Immigrants ('000) |
685.80 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
73,100.00 Upgrade to Bronze |
| Internal Migration Rate % | |
| Intl Movement Rate % | |
| Urban % | 42.00 |
| Female % | 50.00 |
| Literate % | 93.31 |
| Annual Growth % |
| Mobile Penetration % | 55.81 |
| Banked % | 42.00 |
| Access to FS % | 42.00 |
| Internet % | 16.00 |
| Branches per 100k adults | 0.00 |
| ATMs per 100k adults | 0.00 |
| POS per 100k adults | 0.00 |
| Prepaid % | 71.60 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 427.28 |
| Monthly ARPU |
10.74 Upgrade to Bronze |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? |
Conditional Upgrade to Bronze |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Medium Term Upgrade to Bronze |
| Registered Wallet Users | |
| Top Wallets |
Alipay, China M-World, Tenpay, YeePay, Smartpay, 99Bill Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |
China Post, China Mobile, UMPay, China Unicom, China Telecom Upgrade to Bronze |