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…
Read MoreNFC technology based mobile wallet launched in China
