OPINION: It looks as though Shanghai is now set to be the venue for a new series of mobile contactless payment initiatives from China’s mobile operators, banks and public transport providers.
How well the services set to be introduced by China Mobile, China UnionPay and China Unicom perform will have a major impact on the world market for near field communication.
This is not only because China is the world’s largest mobile market; it’s also because the companies involved are not just looking at NFC. They are also considering a range of other technologies with China Mobile, at least, having expressed a preference for a solution that will not require subscribers to upgrade their handsets in order to join its new service…
Sarah Clark, Editor