The Chinese mobile payment market is virtually doubling in size every year and is expected to be worth more than US$80 billion with 441 million active users by 2015, according to the latest report from Kapronasia. China has already overtaken the US as the largest smartphone market in the world; the number of mobile payment users will dwarf other markets worldwide.

Kapronasia’s latest report “Mobile Payments in China” thoroughly assesses the current mobile payments business models, analyzes the market environment, and identifies the opportunities and challenges facing the industry. This 2012 report is unprecedented in both breadth and depth of its analysis of the Chinese business environment in relation to mobile phone payments. The Chinese mobile payments industry has made significant advances in 2011 and will continue to grow even faster over the next four years.