Fortumo Announces Carrier Billing Coverage for 1.15 Billion Mobile Phone Subscribers in China

Mobile payments provider Fortumo has announced direct carrier billing agreements with China Unicom and China Telecom which extends its mobile payment reach to over 1.15 billion mobile phone subscribers in China, which is now the largest Android market in the world.

Gerri Kodres of Fortumo explains on accepting payments in China, “traditional payment methods, like credit cards, are available to few users and the distribution is very fragmented… carrier billing can account for up to 75% of all revenues generated from Android apps in China.”