Banks set to lose out in online fight
By Meng Jing | China Daily | Updated: 2015-02-26 07:25
Services such as digital red envelopes forecast to attract more mobile payment users
Banks appear poised to become the biggest victims of the red-hot battle between Chinese Internet giants to lure new mobile payment users, according to analysts and insiders.
Spring Festival saw users fully embrace mobile technology to send digital red envelopes bearing cash gifts.
Photo
