ZTE to Use UnionPay NFC Standard for Handsets

Netease Tech, 12/21/12

Chinese banking network China UnionPay and Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) have signed an agreement to integrate strategic research and development, marketing, and service network solutions. As a part of the agreement, ZTE near-field communication (NFC) contactless payment-supported handsets released by ZTE in the coming year will adhere to China UnionPay's 13.56MHz NFC standard.

The two companies will also look to explore ways in which they may partner on solutions to allow bank card holders to make payments via internet TV.

Editor's Note: For more background on this topic, please see "China to Approve 2.4GHz Contactless Payment Standard" MD 12/07/12 issue.

Keywords: TV payment wireless contactless payment 000063.SZ 0763.HK ZTE Internet TV China UnionPay Near Field Communication television

Feedback

Sending

Disclaimer

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.

Marbridge Daily