China Merchants Bank
News stories featuring China Merchants Bank:
January 23rd, 2017
Customers of China Merchants Bank will be able to withdraw cash using face recognition technology installed in all of the bank’s ATMs in Shanghai by the end of 2017, South China Morning Post reports. “We have launched face recognition at our ATMs for cash withdrawal to grant clients more options,” the bank’s Zhu Sihua told the publication. The bank operates nearly 1,000 ATMs in 106 cities.
September 1st, 2016
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market.
August 17th, 2016
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.
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.
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).”
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.
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…
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.
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…
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…
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.
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.
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