Hong Kong, 9 June 2015: 99 Wuxian, (ASX: NNW) (“99 Wuxian” or “the Company”) is pleased to advise that China’s leading independent research authority on the internet industry, iResearch Consulting Group (“iResearch”), has released a detailed report on the Online Banking Services market in China.
The 2015 China Banking E-commerce Industry Report highlights that Chinese banks are well positioned to capitalize on the significant growth opportunities in China’s e-commerce market, given their vast platforms of online and mobile banking users; the high level of customer interaction with mobile banking services; and reputation for trust and security in payments.
According to iResearch, more than 80% of bank services are now available online, contributing to the more than 157% growth in value of mobile banking transactions to RMB38.2 trillion (A$8.1 trillion) in 2014. As Chinese banks have increased the scope of their mobile service offering the overall number of mobile banking users has jumped to 198 million, up 69.4% over the previous year.
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