China Telecom

More than US$8bn in transactions could be conducted in China using NFC phones by 2014, according to Mobile Payments in China, a new report by ABI Research. In 2010, 45,000 NFC handsets were shipped in China,... More

Growth in the Chinese mobile payments market has helped Watchdata sell another million of its NFC Simpass devices in just four months. More

Smart card and data security specialist Watchdata has produced its two millionth Simpass SIM+antenna NFC device, the company has announced. "This marks an exciting and a very fruitful beginning for Watchdata as we continue to... 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

China's largest mobile network operator is coming under pressure from MIIT, the national technology regulator, to join the Chinese banks and its two rival operators China Unicom and China Telecom in adopting a single, national mobile payments standard based on NFC standard technology.  More

OPINION: News from Turkey, France and China this week indicates that the NFC market is now beginning to gather pace around the world, as both mobile network operators and banks in more and more countries commit to working together to make near field communication based services a reality. More

Eighteen Chinese banks, card association China UnionPay, China Telecom, China Unicom and a range of handset manufacturers and industry suppliers have formed an alliance in a bid to create standards and a business model for the introduction of a single, open platform that can be used by businesses throughout China to offer NFC and mobile payments services. More

VeriFone Holdings has announced that it is co-lead investor in a reverse merger financing for Trunkbow International Holdings Ltd, a Chinese mobile payments and value-added service applications company specialising in 2.4GHz (RF SIM) NFC solutions.... More

The country's third largest mobile network operator is testing non-NFC standard RF SIM technology in Shanghai, where China Unicom is already running an NFC trial. More