01 September 2015

China Unicom launches NFC mobile wallet in Shanghai

28 November 2012  |  5311 views  |  0 Shanghai skyline 7

Telco China Unicom and China Merchants Bank (CMB) are preparing to launch an NFC-based mobile wallet in Shanghai next month ahead of a national roll out.

From December Shanghai residents will be able to link their CMB accounts to the SIMs in various NFC-enabled handsets such as the Samsung Galaxy SIII.

Low value purchases can then be made by tapping handsets against the city's 162,000 point-of-sales terminals which incorporate China UnionPay's QuickPass contactless technology.

Image posted by China Unicom on microblogging site Weibo

The pair say that they intend to extend the service to their tens of millions of customers nationwide next year as well as work on other mobile money features such as remote payments.

KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

25 April, 2012
15 August, 2011
12 August, 2011
23 July, 2010
13 May, 2010
04 March, 2010

Related company news

 


Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
SunGard system glitch causes havoc for BNY...
6955 views comments | 14 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
6135 views comments | 27 tweets | 16 linkedin
Third of Brits expect day-to-day mobile pa...
5935 views comments | 33 tweets | 11 linkedin
Payments UK sets out vision for 'world cla...
5743 views comments | 15 tweets | 9 linkedin
HSBC glitch leaves thousands of customers...
5604 views comments | 13 tweets | 6 linkedin

Featured job

to $120K base, double OTE, benefits
New York City, NY or Boston, MA (USA)

Find your next job