China Merchants Bank has just announced this new mobile payments service for its customers. China Merchants Bank has partnered with China Unicom, a wireless operator, to be able to offer mobile payments services to their subscribers using NFC technology. The mobile wallet service will have its initial launch in Shanghai but will expand from there. The companies announced their new agreement on Monday, and have made the service available right away to smartphone users with NFC technology in Shanghai. The news from China Unicom explained that subscribers to their services…
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China Unicom and China Mobile announce their support for NFC technology
Two of the largest mobile operators in their country, China Unicom and China Mobile, have announced their intentions to bring near field communication (NFC) technology on a subscriber identity module (SIM) card foundation to their customers. The GSM Association, which has made NFC standardization worldwide one of its primary goals, made the first announcement of the intentions of the two mobile operators in China to support NFC technology. These two leading businesses in the Chinese marketplace are adding their names to 43 other mobile operators worldwide who have also declared…
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