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Passengers using Qingdao Metro’s line 4 can now use their NFC mobile phone to pay directly for their fares with China’s digital yuan central bank digital currency (CBDC), even if their mobile phone has no signal or has run out of battery... More
China’s central bank likely to pilot digital currency in cities of Shenzhen and Suzhou — Coindesk — “The People’s Bank of China is said to be preparing to launch pilots for its digital currency in at least two major cities. The tests are likely to include the participation of state-owned partners. These comprise the ‘Big Four’ commercial banks — the Industrial and Commercial Bank of China, Bank of China, China Construction Bank and the Agricultural Bank of China — and three telcos: China Telecom, China Mobile and China Unicom.”
Residents of Shanghai and Beijing can now ride the metro and pay for tickets with their China Telecom NFC smartphones... More
Gemalto is among the suppliers selected by China Telecom to supply SIMs to support the rollout of NFC services to its 183 million subscribers... 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
Chinese phone maker Xiaomi has announced the Mi3, a 5-inch NFC smartphone that is the first to use Nvidia’s 1.8GHz Tegra 4 quad core processor... More
The world’s largest mobile network operator is to collaborate with national payments network China UnionPay, in a deal set to lead to the introduction of NFC services in up to one hundred Chinese cities. More
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... 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... 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