Baidu Foraying into Mobile Payments

China’s mobile payment market recorded $199 Billion in transactions in 2013, according to Beijing-based firm iResearch. On 15th April 2014, China's largest Internet search company, Baidu, launched its mobile payment solution - Baidu Wallet. The wallet enables Beiging based companies to deliver closed loop transactions. This move will help build a better ecosystem while going mobile, according to the c ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.