Tagged: China Toggle Comment Threads | Keyboard Shortcuts

  • Editing Team 16:32 on December 30, 2013 Permalink | Reply
    Tags: China, , , , ,   

    NFC Helps to Win the Mobile Payment Battle? 

    Last June, China Mobile, the world’s largest mobile network operator, and Chinese bank card association China UnionPay have launched their NFC trusted service manager (TSM) platforms. Several banks already used the platforms to enable mobile payment. Yet China Mobile is not the only mobile operator to support NFC payment, China Telecom and China Unicom also took steps.

    Meanwhile, as one of NFC payment leaders, China UnionPay is more active in this sector — it has already worked with 15 banks to launch its UnionPay mobile payment platform and promote NFC payment based on the platform.

    The reason why UnionPay supports NFC payment is that with the development of other forms of payment raised by Alipay, WeChat, etc., UnionPay has to strengthen its position.

    As the competition in the payments area is heating up, NFC payments will play a more important role in the future. Some think smart card manufacturers will benefit the most from this battle.

    Statistics from Changjiang Securities show that NFC-SIM cards is indispensable in the battle of mobile payment, and promotion of mobile payment will bring huge demands for NFC-SIM cards.

  • Editing Team 17:34 on December 27, 2013 Permalink | Reply
    Tags: China,   

    China Telecom Plans to Buy a Large Amount of NFC-enabled Cards 


    According to a recent announcement from China Telecom, the mobile operator is planning to buy 13 million LTE cards and 50 million NFC-SWP cards. The operator has said that the 4G Tianyi terminal will be NFC-enabled, which means that the 63 million cards China Telecom is going to buy will probably all have NFC functionality.

    At the November press conference of Tianyi Mobile Wallet, the company noted that it planned to launch 30 million NFC UIM card in early 2014, but now the company plans to buy 63 million cards, the number has doubled.

    However, China Telecom is not the only operator that supports NFC mobile payment. In fact, the three biggest mobile operators — China Mobile, China Unicom and China Telecom — have made it clear that they will focus on NFC mobile payment in the future and they have begun to prepare for it.

  • Editing Team 17:28 on December 4, 2013 Permalink | Reply
    Tags: China, , ,   

    China Telecom Partners with Chinese Banks to Launch NFC Wallet 

    China-Telecom-partners-banks-Tianyi-NFC-mobile-wallet-rfid-blogMobile network operator China Telecom will work with more than a dozen financial institutions to launch an NFC mobile wallet in China later this year.

    More than 30 million NFC SIM cards will be distributed in 2014, the carrier says, and customers will be able to choose from over 40 mobile phones that work with the new Tianyi mobile wallet.

    China Telecom subscribers will be able to use Tianyi to make payments for transportation, dining and shopping. Personal authentication services, airport check-ins and employee ID services are to be introduced in the future.

    Financial institutions that have agreed to support the Tianyi service include Bank of China, Agriculture Bank of China, China Construction Bank, Bank of Communications, China CITIC Bank, China Merchants Bank, PingAn Bank, Guangdong Development Bank, China Minsheng Banking Corporation, China Everbright Bank, Shanghai Pudong Development Bank, Postal Saving Bank of China, Bank of Beijing and Bank of Shanghai.

  • Editing Team 11:43 on October 24, 2013 Permalink | Reply
    Tags: , China, , medicine,   

    RFID to Authenticate Traditional Chinese Medicines 

    LSCM-Hong-Kong-authenticate-traditional-Chinese-medicines-RFID-blogThe Hong Kong R&D Centre of Logistics and Supply Chain Management Enabling Technologies (LSCM) is conducting a pilot project in Hong Kong to examine the use of RFID in authenticating traditional Chinese medicines (TCM) in the retail setting.

    The pilot involves placing RFID tags on packs of TCM during manufacturing which can then be read using a scanner in-store.

    Partners of the project include companies such as Chinese Pharmaceuticals, Eu Yan Sang, Hin Sang Hong, Ling Nam Medicine Factory and Wisdom Come.

    The project, with the registered trademark Authen√Tick, involves setting up an authentication network with “secured communication and reliable authentication processing between third-party operated readers and authentication platform through the open Internet”.

    In the LSCM’s latest newsletter it notes that when a product with an RFID tag embedded in package connects with an RFID reader, an authentication check would be processed with the result known in a few seconds.

    “Product information such as product ingredients and laboratory test certifications can also be simultaneously acquired,” it says. The pilot also plans to use QR codes on packs so that consumers can use their own smartphones for product information checking.

  • Editing Team 17:45 on October 11, 2013 Permalink | Reply
    Tags: China, , , , , ,   

    Bank of China to Launch NFC Payments in Hong Kong 

    Bank-of-China-NFC-e-Wallet-payment-rfid-blogBank of China (Hong Kong) is to introduce a microSD card-based NFC payments service before the end of the year. Selected customers will be able to use the BOC e-Wallet Mobile Payments Service “from Q4 2013”.

    BOC card and BOC China UnionPay dual currency credit card holders will be able to store their cards on the NFC microSD card and make payments with their mobile phone at MasterCard PayPass, UnionPay QuickPass and Visa PayWave terminals.

    “The BOC e-Wallet Mobile Payment Service will offer customers a new spending model with cross-functional, cross-currency and cross-regional flexibility locally and overseas,” says the bank’s Dickson So.

    BOC e-Wallet will initially be available for the Samsung Galaxy S4 LTE, Galaxy S3 LTE, Galaxy Note 2 LTE, Galaxy S4, Galaxy Note2, Galaxy S3 and LG Optimus G Pro smartphones.

  • Editing Team 17:55 on August 22, 2013 Permalink | Reply
    Tags: China, , ,   

    SPDB Partnered with China Mobile to Launch NFC Service 

    Shanghai Pudong Development Bank (SPDB) has partnered with China Mobile to launch an NFC service which allows customers to use their smartphones to make mobile payments.

    It is the first time a bank and a telecoms company have teamed up to offer such a service on the China mainland, although media reports say that China CITIC Bank and China Unicom are at work developing a similar service.

    The service from SPDB and China Mobile lets customers with NFC-enabled phones and NFC-SIM cards access their bank accounts via their handsets to pay for transactions at mobile point-of-sale locations with participating businesses. Customers can also use the service to transfer money by bringing their mobile devices into contact.

    According to a recent report from data provider and consulting firm Analysys International, China’s mobile payment industry handled 74.2 billion yuan ($12.13 billion) in transactions during 2011, up 67.8% compared with the previous year. The report also predicts annual turnover to hit 223 billion yuan for 2013. However, mobile payments facilitated with NFC technology equaled just 4 billion yuan during 2012, the consultancy’s figures show.

    Zhang Meng, a mobile payment analyst at Analysys International, said that growth in this corner of the market has been slowed by the complicated business chain needed to support NFC-backed services. Mobile phone manufacturers, banks, mobile carriers and retail businesses must all be committed to promoting NFC in order for related services to reach their full potential. NFC security should not be an issue, as bank account information will be contained on an encrypted chip.

    Currently, there are six handsets which support the NFC-backed service from SPDB and China Mobile. The service is free aside from a one-time charge of 10 yuan which covers SIM card replacement.

  • Editing Team 15:33 on July 25, 2013 Permalink | Reply
    Tags: , China, ,   

    NFC Mobile Payments Service Go live in Beijing 

    Last month, China Mobile has partnered with China UnionPay to introduce an NFC mobile payments service, which will be commercially launched on public transport in Beijing next week, according to CCTV News.

    The launch follows a trial period in June that was conducted on the Beijing Bus network. The service now also works on the subway and is expected to be expanded to airports, schools and other locations.

    To use the service, subscribers with an NFC handset need an NFC SIM card, available from six of the carrier’s stores, and to download the network’s mobile wallet app. After linking a bank account, the customer will be able to pay for public transport tickets as well as for goods and services at participating merchants equipped with China UnionPay Quick Pass contactless POS terminals.

  • Editing Team 10:03 on July 17, 2013 Permalink | Reply
    Tags: China, ,   

    China UnionPay Partners with 8 Banks to Launch NFC Payment System 


    According to China Daily, China UnionPay has signed up 8 banks for the launch of its contactless mobile payments system, Wallet, in Shanghai.

    With the system in place, customers can link their cards to NFC-enabled handsets from China Mobile. Then they can make low value payments with a swipe of their phone at the point-of-sale at retailers with contactless terminals.

    Bank of China, Bank of Shanghai, Bank of Beijing, China Everbright Bank, China CITIC Bank, China Minsheng Banking Corp, GF Securities, and Shanghai Pudong Development Bank are all on board for the launch.

  • Editing Team 23:43 on March 21, 2013 Permalink | Reply
    Tags: , China, , , ,   

    Taiwanese City Replaces Metal Manhole Covers with RFID Cement Slabs 

    Taipei-metal-manhole-cover-cement-slab-RFID-blogCity workers in Taipei are replacing metal manhole covers with cement slabs buried beneath the road’s surface. With RFID technology, they can easily locate those manholes at a later date. This makes roads safer for scooters and other vehicles.

    Approximately 20% of Taipei’s manholes have been paved over since the project began in 2009. The goal of the Taiwanese federal government is to replace all metal manhole covers across the entire island with buried versions made of cement, and to include an RFID tag with each cover, to be read when necessary by road or utility workers using handheld readers.

    The project uses RFID tags, handheld readers and software that manages RFID-read data and stores each manhole’s GPS coordinates, as well as its tag’s unique ID number, to be viewed by staff members. So far, approximately 35,000 of Taipei’s 175,000 manholes now have buried RFID-enabled covers.

    Statistics from Taiwan Ministry of Transportation Department have shown that in 2008, the quality of the roadway—which can include the slick, uneven surface created by metal manholes—contributed to 17.3 accidents per month. In 2009, Taipei was the first Taiwanese city to launch a system intended to address this problem. The aim is to produce a smooth, even road surface with no exposed metal manhole covers that can create breaks in the asphalt and pose a slippery surface causing tires to slide. To accomplish this goal, the city needed to pave over the manholes. However, when utility workers need to access the holes, they must be able to find them, and that requires RFID technology.

    The city had several requirements. It needed an RFID tag that could be read through the road’s surface, and that would pose no environmental hazard. Moreover, the city rejected the idea of a system that employed RFID readers installed on vehicles to accomplish the reads, and did not want its workers to have to bend over the road to bring the handheld interrogator close enough to read the tags. Therefore, they use an external reader antenna in the form of a wand long enough that workers could plug it into a handheld device and walk over the road without bending over, interrogating any tags embedded beneath the surface.

  • Editing Team 09:55 on March 15, 2013 Permalink | Reply
    Tags: China, , ,   

    China’s RFID Card Market to Double to $807 Million in 2017 


    China’s RFID card market will nearly double in value and more than double in units in 2017, as government focuses on the futuristic Internet of Things — embedding connectivity and intelligence in everyday objects — and private sector grows, according to Lux Research.

    The RFID card/tag market will grow from 894 million units in 2012 to 2.11 billion, with a compound annual growth rate (CAGR) of 19%. In revenue terms, the market will grow to $807 million in 2017, from $454 million in 2012, at a CAGR of 12%.

    “So far, government applications account for 22% of the volume and 34% of the revenue, but that is about to change quickly,” said Richard Jun Li, Director of Lux Research.

    “With the rise of market-driven applications, there are opportunities for multinationals to leverage China’s RFID growth — speed and identification of the best local partnerships will be critical,” he added.

    Here are some of the findings by Lux Research analysts:

    ■Consumer market is the strongest. Driven mainly by the adoption of RFID tags for anti-counterfeiting, consumer applications will grow the fastest in volume terms — at a CAGR of 38% until 2017. Industrial applications will grow at a 25% rate, while electronic toll collection will be a fast-growing subsector.

    ■Local OEM players emerging. The rise of Chinese original equipment manufacturer (OEM) suppliers for RFID cards/tags is creating a new industry dynamic. Currently, the top 15 suppliers account for 57% of the Chinese market and are poised for further gains.

    ■Focus is on fast-growing UHF market. Chinese companies do not have as strong a position in superior UHF chips — which will grow dramatically to become a $236 million market in 2017. However, the clock is ticking for multinational suppliers, as the Chinese government is putting significant resources into developing homemade UHF chips.

Compose new post
Next post/Next comment
Previous post/Previous comment
Show/Hide comments
Go to top
Go to login
Show/Hide help
shift + esc
Rss Feed Tweeter button Facebook button Myspace button Linkedin button