VoiceCash at 4th Annual Payment China Conference

Online, May 10, 2010 (Newswire.com) - Munich/Beijing, 10.05.2010 [VCD100510H]. While the world economy struggled under financing crisis China's Payment industry has been experiencing a changeable period. The 4th Annual Payment China Conference in Beijing during May 10-11, is the industry's major conference. Executive officials, service providers, payments decision-makers and experts from central banks among them the World Bank, European Central Bank or the Bank of China all come together at this strategic summit to discuss the future in payments for the world's biggest market. China is strongly focusing on the improvement of payment system, environment and regulation.

VoiceCash at the Payment China 2010
VoiceCash is a pioneering company in the new field of mobile money transfer (MMT) and mobile financial services. Michael Kramer, CEO of the VoiceCash Group, will be attending and speaking at the Payment China Summit and present the company's services. "We are taking the service to the people", says Michael Kramer: "There are hundreds of millions, even billions of people in the developing world that do not have access to banking services. They do have mobile phones though. Our transfer service offers them an instant solution, based on Prepaid Twin Cards or a Mobile Stored Value Account."

VoiceCash: MMT- Mobile Money Transfer will boost China's Payment Industry
According to latest figures of the Chinese Ministry of Industry and Information Technology (MIIT) the number of mobile phone users in China reached a total of 780 million. VoiceCash gives mobile phone users direct access to banking and money transfer services, a potential breakdown for the Chinese Payment Industry's development. CEO Michael Kramer emphasizes: "In principle in a very short time anyone with a mobile phone can have an account. The account will allow him to transfer money anywhere from anywhere. This is the real face of mobile banking, and it is potentially available to anyone with a mobile phone".

Payment China 2010: modernizing the financial structures of China
While most of the financial structures that the world is dealing with were primarily written in the 20th century, China works on modernizing the financial structures of the 21st century. Accelerating the infrastructure establishment is a dominant task for China's Payment Industry. The Payment China 2010 summit will narrow the existing gaps between the demand for payment and settlement services and also address technology and risk management.