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

    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 17:55 on August 22, 2013 Permalink | Reply
    Tags: , China Mobile, ,   

    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 10:40 on February 27, 2013 Permalink | Reply
    Tags: China Mobile, internatnional, ,   

    China, Japan and Korea to Get Cross-Border NFC Payments 

    China-Japan-Korea-international-NFC-payments-rfid-blogMobile network operators in China, Japan and Korea have agreed a set of handset and service requirements that will enable customers to use their NFC phone across borders to make payments, purchase tickets and both collect and redeem coupons. The three carriers are China Mobile, Japanese carrier NTT Docomo and Korean mobile network operator KT.

    The three carriers’ specifications are based on international standards set by the GSMA and the NFC Forum and cover handset requirements for device makers and guidance for mobile network operators, service providers and merchants interested in participating in the deployment of NFC service roaming in Asia.

    The companies have been exploring opportunities for NFC service roaming since January 2011 and NTT Docomo and KT announced plans to introduce an international payments service in October 2012. The three carriers now plan to share the results of their work with trade associations and standards bodies around the world “to promote the realization of a commercial environment for globally compatible NFC services”.

     
  • Editing Team 17:07 on February 25, 2013 Permalink | Reply
    Tags: China Mobile, , ,   

    China Mobile and China UnionPay Completed Integration of NFC TSM Platforms 

    China-Mobile-China-UnionPay-NFC-TSM-integration-rfid-blogChina Mobile, the world’s largest mobile network operator, and Chinese bank card association China UnionPay have announced that they have completed integration of their NFC trusted service manager (TSM) platforms.

    The completion of the work means that Chinese banks can now use China UnionPay’s TSM facility to offer customers the ability to download their bank card over the air to the secure SIM in their China Mobile NFC phone.

    The two organizations have been working together on NFC since June 2012, when they signed a partnership deal designed to lead to the commercial deployment of NFC payments in 100 Chinese cities.

    China UnionPay also plans to integrate its TSM platform with those of other Chinese mobile network operators and is working with China Mobile to expand the platform beyond payment cards to include transit cards, social security cards, student cards, access cards, mobile tickets and more.

     
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