Monday, April 6, 2009

Booming Prepaid usage in China

This post on PCWorld discusses how payment processing in China is booming during these times of economic hardship. Only 15% of the Chinese population have credit cards, and so prepaid cards have become particularly important for Chinese payment providers. 99Bill, a payment provider, is one of the many that are now riding the e-commerce wave in China. With a huge population that is still unbanked, the opportunity for prepaid card expansion is huge.

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