Mobile Payments in China

China: General Information

Population:

1,321,800,000 (2007)

Currency:

RMB (1 RMB = ~0.44 RM)

More info:

China

Mobile operators:

China Mobile, China Unicom

Mobile Operators Market Share

Billing:

MT-billing

Price (RMB) incl. VAT	1.00
FortuMoPay	35%

The table above shows your revenue after the operator's share, Fortumo commission and the costs of sending the users a reply SMS

Mobile operator takes a revenue share on each transaction for handling billing, collecting money and covering credit risk. The operators then pay the remaining money (usually between 40% and 60% depending on end-user price) to Fortumo. Fortumo pays you the money received from operators minus a small commission (which can be only 2-3% of end-user price, depending on country, type of service and volume). The table above shows your revenue after the operator's share and Fortumo commission.
Payout cycle in China is 4 months

Fortumo pays you money immediately after we have received it from the mobile operators. Operators in different countries pay at different speeds. Payout cycle of 4 months means that the revenue earned by your services in January will be transferred to you in the first half of June.
After the initial waiting period, you would get a payout each month, as your February money arrives in July, March money in August, etc.

January February March April May June

1. Your services earn revenue
2. Operators pay money to Fortumo
3. Fortumo pays money to you

The service must be in compliance with Fortumo Terms of Service, Chinese legal acts and good morals.
The end user price must be clearly stated in the advertisements and instructions of use.
Service must comply with all applicable rules and regulations in the territory where the contents are distributed including without limitation those stipulated by the
Ministry of Industry and Information Technology (MIIT).
Please pay attention! If your service is related to pornography, gambling, frauding or breaching the regulations listed on Article 57 and Article 58 of the Telecommunication Act of the PRC, Fortumo will provide your personal information to the Chinese Telecommunication Police.
Adult content, gambling, lottery, political and medical related services are strictly forbidden.

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Fortumo is available in 44 countries

Click on a flag to view more information, payouts and regulations about a specific country:

asia@fortumo.com