QFPay Revamps Mobile Payment Solution with Extensible App Platform

Ever since China’s reform and opening up strategy took place in last century, Chinese commerce world has been seeing and enjoying a boom envied by its neighbors, exemplified by the flourish in commodity markets and emergence of numerable self-employed businessmen. According to a stats, there’re more than 60 million such businessmen across China actively engaging in the trade of selling things from a rented storefront.

You can find literally everything, everything in those tiny storefronts which usually take up from several to dozens square meters. Varied style of clothes, food, drinks, household items, you name it.

For quite a long time, shopkeepers of those stores take only cash for Chinese are more likely to walk around carrying Renminbi in their pocket as credit card wasn’t a commonplace over the past decades. Things have changed though, Chinese banks have been issuing zillions of debit card and credit card and Chinese people now are more receptive to the idea of charging a plastic card.

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