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UnionPay Begins Large Scale Mobile Payment Trials

Xinhuanet, 3/16/10

Chinese banking network China UnionPay has announced that new generation mobile phone payment services have already entered large scale trials, with testing progressing in Shanghai, Shandong, Ningbo, Hunan, Sichuan, and Shenzhen. China UnionPay is strongly pushing for merchant POS terminals that support China UnionPay cards to be modified to add support for contactless payment, and expects up to 100,000 merchants to implement contactless payment by the end of 2010.

Keywords: commercial trial wireless contactless payment mobile payment China UnionPay POS

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The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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