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
Development Secondary Emerging
Send or Receive
GDP ($m)
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HDI classification Medium
Mobile Connections (m)
Currency CNY
CountryISO CN
Sovereignity Country
Territory of - NA -
{"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"}}
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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 )"}}
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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 )"}}
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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 )"}}
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{"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 )"}}
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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 )"}}
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Central Bank
Key Regulations
Type of law
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
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Law is based on
Civil law system; based on native customs and practices with Soviet and German influence
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Sectors active in Digital Money
Allowed Models
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
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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)
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Money Transfer
{"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 %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
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
Cards 2010 ('000)
Propensity %
On Remittance Sent
On Remittance Received
Mobile Unbanked
Migrant %
MP %
Banked %
Can Provide Payments?
Can Market under Brand?
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
Registered Wallet Users
Top Wallets
Alipay, China M-World, Tenpay, YeePay, Smartpay, 99Bill
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Informal Market
Cost To Remit
Key Players
China Post, China Mobile, UMPay, China Unicom, China Telecom
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