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Cellum plans move into China with white-label mobile wallet services

The company's upcoming move follows its recent entry into Thailand and Indonesia.

Cellum, a Hungary-based mobile wallet provider, last week announced its intentions to soon start offering its mobile payment and commerce services in China.

Cellum made the announcement at last week's Mobile World Congress Shanghai conference. The company's upcoming move into China follows its recent entry into Thailand and Indonesia, according to a press release.

"While we have enjoyed success in some of the largest national markets in the world, China represents an unparalleled opportunity," Cellum Global CEO János Kóka said in a statement. "Not only is it the world’s largest economy today when measured by purchasing power, it has the largest number of Internet users, who collectively spend upwards of $60 billion annually on foreign e-commerce sites alone."

Cellum plans to launch its services in China based on its Cellum Mobile Next platform and build the supporting PCI DSS compliant infrastructure in 2016, according to the announcement.