Leading Chinese payment services provider uses Accenture Mobility
platform to make mobile payments easier in
YSPay’s new mobile payments solution uses phone numbers to process payments – merchants type phone numbers to initiate payment processing and consumers receive a text confirming the payment will be sent. Smartphone users can also upload a mobile application and benefit from richer services such as buying a movie ticket or receiving a coupon.
With established alliances with China’s major mobile phone operators, the mobile payments solution covers most mobile subscribers in
“Relying on Accenture’s rapidly deployable, cost-effective card-free solutions, and on its global experience in providing mobile services, we believe that the new mobile payments platform will measure up to world standards,” said YSPay’s chief executive officer Zhang Changjiang. “This new system will significantly improve user experience and enable us to better serve our clients across the country in more innovative ways."
"YSPay operates in a market that leads the world in mobile phone users and has established an extensive partner network with China’s major banks, merchants and mobile phone operators,” said
The Accenture Mobility platform allows clients to launch and scale vertical mobile offerings quickly on a variable cost, transaction model basis. This platform is fully equipped with features including published Web services and application programming interfaces (APIs), meaning that YSPay has the capability to integrate the platform with external systems and add new applications and services at any time.