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Economic Analysis of Wireless Point of Sale Payment in China

Overview China has a single debit and credit card network, Moneylink. Moneylink's rates are regulated by People' Bank of China - the Central Bank of China, although complaints regarding the level of fees are widespread. Many medium and smaller merchants do not offer debit card payment because of the interchange fee and the cost of acquiring the point of sale (POS) terminals for debit card (and credit card) payment. Thus, cash is the primary payment method when consumers pay for their purchases.

Further White Paper Details
Publisher	Massachusetts Institute of Technology	File Format	PDF, requires Acrobat Rdr 5
Date Published	August 2004	Downloads	800
Format	White Papers
Topics	Point of Sale Devices, Mobile - Wireless Communications

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