18 news stories.
• Should Bank of Communications be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Bank of Communications be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
China could be ready to officially launch the digital yuan as a fully operational central bank digital currency (CBDC) after the Beijing Winter Olympics in early 2022, according to reports in the Chinese media... More
Customers of all six state-owned Chinese banks can now apply for test versions of the banks’ digital yuan wallets as the country rolls out the next phase of its central bank digital currency (CBDC) pilot programme in the city of Changsha... More
Some 8,500 consumers in the Chinese city of Shanghai have been given e-wallets containing digital yuan as part of the country’s ongoing pilot scheme for its central bank digital currency (CBDC)... More
At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports... More
The People’s Bank of China (PBOC) is to enable participants in the next phase of its central bank digital currency (CBDC) pilot to test for the first time the use of digital yuan for making both online purchases and touch-based in-store offline payments... More
Jetco Pay adds new merchant payment service supported by eight banks — Jetco — “Jetco today announced the launch of Jetco Pay Merchant Payment service jointly with eight banks, including Bank of Communications (Hong Kong), Bank of East Asia, Chong Hing Bank, Dah Sing Bank, ICBC (Asia), OCBC Wing Hang Bank, Shanghai Commercial Bank and Wing Lung Bank. The service allows consumers to make in-store QR code payment easily, while in-app or online payments can be completed quickly and securely by inputting only their mobile phone number. The fact that the service is linked to the bank account also means that consumers do not have to worry about topping up.”
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market. More
Chinese smartphone maker Xiaomi has unveiled Mi Pay, an NFC-based mobile payment service expected to be made available on the Xiaomi Mi 5 handset with support from a number of the country’s banks. More
Samsung Pay has begun rolling out across China, letting consumers make mobile payments with a compatible device “virtually anywhere you can swipe or tap your card” using their China UnionPay debit and credit cards. More
Swiss luxury watchmaker Swatch has confirmed that it has signed an agreement with Visa and Visa Europe to enable eligible cardholders in the US, Switzerland and Brazil to tap and pay with the Swatch Bellamy watch. More
PARTNER NEWS: Giesecke & Devrient (G&D) is providing the embedded smart card chip and operating system used in the NFC contactless payment smartwatch launched by Swatch in China last month... More
Swiss watchmaker Swatch has launched an NFC watch in China in partnership with China UnionPay and Bank of Communications that will let consumers make payments with a tap of their wrist in stores across the country. More
Mobile network operator China Telecom is to launch an NFC mobile wallet in China later this year, in cooperation with more than a dozen financial institutions... More
China’s second largest mobile network operator is preparing to launch commercial NFC services in four cities from next month, according to reports in the Chinese media. Commuters in Beijing will be able to make payments using either an NFC phone or an add-on to their existing phone. More
China Unicom has signed a strategic partnership agreement with Agricultural Bank of China (ABC)... More
The Chinese bank and mobile network operator are to launch a commercial NFC service that lets consumers make payments with NFC phones supporting the Single Wire Protocol — using a prepaid account that can be topped up over-the-air from the customer’s bank account. More
The bank card association is conducting NFC pilots in Shanghai, Ningbo and Changsha and has extended its mobile payments services to a total of six provinces and regions. More
The mobile operator has signed up five Chinese banks and five transport operators for the commercial launch of its NFC service, scheduled to take place during the second quarter of 2010. More