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    China Merchants Bank

    News stories featuring China Merchants Bank:

    Samsung Pay launches in China

    March 29th, 2016

    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

    Chinese consumers register 3m cards to Apple Pay in 48 hours

    March 7th, 2016

    Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank. “China Merchants Bank says its customers connected 1m bank cards with Apple Pay in the first two days of the launch, representing 35% of cards connected,” Internet Retailer reports. “China UnionPay reported that Apple Pay users spent 101 yuan (US$15.5) on average on the first day of the service and about 47% of purchases were above 10 yuan ($1.5).”

    Apple Pay launches in China

    February 18th, 2016

    Apple Pay has begun rolling out across China, letting consumers pay in-store with compatible Apple devices using their China UnionPay credit and debit cards at QuickPass-enabled POS terminals as well as make purchases within participating mobile apps. More

    Chinese banks sign up for China Telecom NFC wallet launch

    December 3rd, 2013

    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 than 30m NFC-enabled SIM cards will be distributed… More

    China Unicom picks Gemalto NFC

    February 26th, 2013

    China Unicom is to to use Gemalto’s UpTeq NFC SIM to secure the Unicom Merchants’ Bank mobile wallet it is rolling out in conjuction with China Merchants Bank (CMB). The NFC wallet enables consumers to make purchases at merchants who accept China UnionPay’s QuickPass contactless payments service. Gemalto’s UpTeq NFC SIM has now been chosen by mobile operators for 25 NFC projects around the world, the supplier says.

    Chinese carriers’ NFC plans emerge

    December 7th, 2012

    China Mobile, the country’s largest mobile operator, has reached agreements with subway and bus companies in 30 cities to allow users to make payments through mobile phones next year, reports Caixin Online. Pilot programs will… More

    China Mobile to unveil its NFC payments service on 5 December

    November 28th, 2012

    China Mobile, the world’s largest mobile network operator with close to 700m subscribers, is to demonstrate its NFC payments platform for the first time on 5 December at its Worldwide Developers Conference. China Mobile describes… More

    China Unicom and China Merchants Bank launch NFC in Shanghai

    November 26th, 2012

    The bank and mobile network operator plan to follow the introduction of the Unicom Merchants Bank mobile wallet service in Shanghai with a national rollout that could ultimately make the service available to all 43 million of the bank’s credit card customers. More

    China Unicom to launch world’s first commercial single wire protocol based NFC service

    China Unicom to launch world’s first commercial single wire protocol based NFC service

    February 19th, 2010

    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

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