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M-payments market explodes in China
users, or about 424.5 million people, made regular mobile payments in June, up seven percentage points from December. China Internet Network Information Centre research shows that China’s total number of internet users has now hit 710 million, a 3.1% increase from December. Some 656 million users access the internet via their mobile devices.
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cloud computing venture, pulled in $2.9 billion in revenue during the second quarter of 2016, up 58% from a year earlier.
A
If there’s a downside, it’s that growth rates peaked in Q2 2015, when revenue increased 81.5% year-on-year to $1.8 billion. But at the same time Synergy Research Group data shows that AWS continues to dominate the cloud infrastructure services sector, achieving a worldwide market share of over 31% in Q4 2015. Microsoft and Google have by far the highest growth rates among the market leaders but are making little impact on AWS. “The big four cloud operators are continuing to run away with the market,” says John Dinsdale, a Chief Analyst and Research Director at Synergy Research Group. “The second tier of operators are either niche players, generalist IT service providers, or companies lacking the scale, focus and investment capabilities required to truly challenge the top four hyperscale cloud providers. This second tier includes Salesforce, Rackspace, Oracle, NTT, Fujitsu, Alibaba and HPE.”
During July, meanwhile, Singapore’s DBS Bank inked a landmark agreement with AWS which will see it create a hybrid cloud environment, with the FI saying that up to
China’s rapidly growing mobile payments sector is in part thanks to its late-mover advantage; unlike the US
AWS proves its worth mazon Web Services (AWS), the e-tailer’s
50% of its compute workload could be in the cloud by 2018. DBS Head of Technology and Operations, David Gledhill, says: “In today’s fast-changing world, companies such as Amazon, Facebook, Google and Netflix are widely acknowledged as leaders in innovation. What sets them apart is their ability to constantly experiment, automatically scale and rapidly bring new features to market. They are able to do this in part by leveraging the flexibility provided by cloud technology.”
The agreement was signed after a period of evaluation by DBS, as well as Proof of Concept experimentation, to explore how AWS can be leveraged to augment the bank’s datacentres. DBS has worked to ensure the implementation meets the requirements of the Monetary Authority of Singapore’s Technology Risk Management guidelines. In addition, it has established additional technology standards, internal approval toll gates, and data encryption standards. One of the first use cases is in the bank’s Treasury and Markets (T&M) business, for the purpose of pricing and valuing financial instruments for risk management as this requires extensive computing power.
Scott Thompson .7 per cent of Chinese smartphone
and other countries, it does not have a strong entrenched credit card culture. In addition, urban areas have seen widespread
adoption of Alipay and Tenpay. It has also been boosted by the launch of Apple Pay and Samsung Pay, whilst smartphone manufacturers such as Huawei and Xiaomi have been rolling out new phones equipped with NFC functionality.
Scott Thompson
www.ibsintelligence.com © IBS Intelligence 2016
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