Chinese mobile payments up in Q1 — China Daily — “Chinese commercial banks dealt with 9.3 billion payments from mobile banking services in Q1, up 65.7% from a year ago, the People’s Bank of China, the central bank, said in a report… Combined value of mobile payments rose 16.4% to 60.65 trillion yuan ($9 trillion).”
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Why should China be different? Mobile payments are up everywhere. They are still sparse but growing at such a rate that up is the only possible direction.